NEW YORK (

TheStreet

) --

SAVVIS

(Nasdaq:

SVVS

) hit a new 52-week high Wednesday as it traded at $37.19 compared with its previous 52-Week high of $36.74. SAVVIS is changing hands at $37 with 311,271 shares traded as of 1:57 p.m. ET. Average volume has been one million shares over the past 30 days.

SAVVIS has a market cap of $2 billion and is part of the

services

sector and

diversified services

industry. Shares are up 40% year to date as of the close of trading on Tuesday.

SAVVIS, Inc. provides information technology (IT) services to businesses and government agencies worldwide. Its services primarily include hosting and network services.

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TheStreet Ratings rates SAVVIS as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and generally poor debt management. You can view the full

SAVVIS Ratings Report

.

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