NEW YORK (
) hit a new 52-week high Wednesday as it is currently trading at $95.93, above its previous 52-week high of $95.87 with 1.8 million shares traded as of 11:41 a.m. ET. Average volume has been 4.9 million shares over the past 30 days.
Visa has a market cap of $47.57 billion and is part of the
industry. Shares are up 32% year to date as of the close of trading on Tuesday.
Visa Inc., a payments technology company, engages in the operation of 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 18.1, below the average diversified services industry P/E ratio of 25.5 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Visa as a
. 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, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full
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