NEW YORK (

TheStreet

) --

Wright Express Corporation

(NYSE:

WXS

) hit a new 52-week high Tuesday as it is currently trading at $56.60, above its previous 52-week high of $56.52 with 10,767 shares traded as of 9:45 a.m. ET. Average volume has been 199,600 shares over the past 30 days.

Wright Express has a market cap of $2.1 billion and is part of the

services

sector and

diversified services

industry. Shares are up 22.6% year to date as of the previous trading day's close.

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 26.1, above the average diversified services industry P/E ratio of 24.1 and above the S&P 500 P/E ratio of 16.2.

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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, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Wright Express Ratings Report

.

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