NEW YORK (

TheStreet

) --

Visa

(NYSE:

V

) hit a new 52-week high Friday as it is currently trading at $95.58, above its previous 52-week high of $94.75 with 2.1 million shares traded as of 10:41 a.m. ET. Average volume has been 5.9 million shares over the past 30 days.

Visa has a market cap of $47.3 billion and is part of the

services

sector and

diversified services

industry. Shares are up 34.1% year to date as of the close of trading on Thursday.

Visa Inc. operates retail electronic payments network worldwide. It facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities. The company has a P/E ratio of 18.4, above the average diversified services industry P/E ratio of 16.5 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Visa as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full

Visa Ratings Report

.

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