NEW YORK (

TheStreet

) --

Netflix

(Nasdaq:

NFLX

) hit a new 52-week high Wednesday as it is currently trading at $255.03, above its previous 52-week high of $254.98 with 3.7 million shares traded as of 12:57 p.m. ET. Average volume has been 5.5 million shares over the past 30 days.

Netflix has a market cap of $13 billion and is part of the

services

sector and

specialty retail

industry. Shares are up 40.9% year to date as of the close of trading on Tuesday.

Netflix, Inc. provides online movie rental subscription services in the United States. The company offers its subscribers access to a library of movie, television, and other filmed entertainment titles on digital versatile disc (DVD). The company has a P/E ratio of 71.2, equal to the average specialty retail industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

  • Practice your NFLX trading strategies and win cash in our stock game.

TheStreet Ratings rates Netflix as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full

Netflix Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

null