NEW YORK (

TheStreet

) --

Wright Express

(NYSE:

WXS

) hit a new 52-week high Tuesday as it is currently trading at $63.98, above its previous 52-week high of $63.96 with 154,606 shares traded as of 3:50 p.m. ET. Average volume has been 224,100 shares over the past 30 days.

Wright Express has a market cap of $2.17 billion and is part of the

services

sector and

diversified services

industry. Shares are up 15.6% year to date as of the close of trading on Monday.

Wright Express Corporation provides business payment processing and information management solutions in North America, the Asia Pacific, and Europe. It operates in two segments: Fleet Payment Solutions and Other Payment Solutions. The company has a P/E ratio of 18.2, below the average diversified services industry P/E ratio of 18.3 and above the S&P 500 P/E ratio of 17.7.

  • Sign up for TheStreet's FREE Dividend and Income Investor Newsletter

TheStreet Ratings rates Wright Express as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. 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

Wright Express Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

null