NEW YORK ( TheStreet) -- Basic Sanitation Company of the State of Sa (NYSE: SBS) hit a new 52-week high Wednesday as it is currently trading at $60.04, above its previous 52-week high of $60 with 23,147 shares traded as of 9:41 a.m. ET. Average volume has been 291,000 shares over the past 30 days.

Basic Sanitation Company of the State of Sa has a market cap of $6.8 billion and is part of the utilities sector and utilities industry. Shares are up 13.3% year to date as of the close of trading on Tuesday.

Companhia de Saneamento Basico do Estado de Sao Paulo provides basic and environmental sanitation services and sewage treatment services, as well as supplies treated water in the state of Sao Paulo. The company has a P/E ratio of 12.9, above the average utilities industry P/E ratio of seven and below the S&P 500 P/E ratio of 16.3.
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TheStreet Ratings rates Basic Sanitation Company of the State of Sa as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, 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 Basic Sanitation Company of the State of Sa Ratings Report.

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