NEW YORK (

TheStreet

) --

Wright Express Corporation

(NYSE:

WXS

) hit a new 52-week high Wednesday as it traded at $54.57 compared with its previous 52-Week high of $54.35. Wright Express is changing hands at $53.50 with 23,126 shares traded as of 10:37 a.m. ET. Average volume has been 185,400 shares over the past 30 days.

Wright Express has a market cap of $2 billion and is part of the

services

sector and

diversified services

industry. Shares are up 17% year to date as of the close of trading on Tuesday.

Wright Express Corporation, together with its subsidiaries, provides payment processing and information management products and services to the commercial and government vehicle fleet industry in the United States, Canada, New Zealand, Australia, and Europe. The company has a P/E ratio of 23.6, equal to the average diversified services industry P/E ratio and above the S&P 500 P/E ratio of 16.8.

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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, increase in net income, 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

Wright Express Ratings Report

.

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