Visa Reaches New 52-Week High (V)
NEW YORK (
) --
(NYSE:
) hit a new 52-week high Thursday as it is currently trading at $105.47, above its previous 52-week high of $104.20 with 671,635 shares traded as of 9:40 a.m. ET. Average volume has been 3.9 million shares over the past 30 days.
Visa has a market cap of $52.79 billion and is part of the
sector and
industry. Shares are up 1% year to date as of the close of trading on Wednesday.
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 19.5, below the average diversified services industry P/E ratio of 28.3 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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