NEW YORK (
Wright Express Corporation
) hit a new 52-week high Tuesday as it is currently trading at $54.63, above its previous 52-week high of $54.57 with 116,833 shares traded as of 12:52 p.m. ET. Average volume has been 185,700 shares over the past 30 days.
Wright Express has a market cap of $2.1 billion and is part of the
industry. Shares are up 10% year to date as of the close of trading on Monday.
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 24.2, equal to the average diversified services industry P/E ratio and above the S&P 500 P/E ratio of 16.7.
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TheStreet Ratings rates Wright Express as a
. 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, expanding profit margins, increase in net income 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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