NEW YORK (

TheStreet

) --

Visa

(NYSE:

V

) hit a new 52-week high Friday as it is currently trading at $117.21, above its previous 52-week high of $117.18 with 1.2 million shares traded as of 11:50 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

services

sector and

diversified services

industry. Shares are up 14.7% year to date as of the close of trading on Thursday.

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 21.5, 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

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, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full

Visa Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

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.

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