NEW YORK ( TheStreet) -- CGI Group (NYSE: GIB) hit a new 52-week high Friday as it is currently trading at $22.09, above its previous 52-week high of $22.02 with 72,136 shares traded as of 10:47 a.m. ET. Average volume has been 215,700 shares over the past 30 days.

CGI Group has a market cap of $4.9 billion and is part of the technology sector and internet industry. Shares are up 26% year to date as of the close of trading on Thursday.

CGI Group Inc., through its subsidiaries, provides information technology services (IT) and business process services in Canada, the United States, India, Europe, and the Asia Pacific. The company has a P/E ratio of 16, above the average internet industry P/E ratio of 15.8 and below the S&P 500 P/E ratio of 17.
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TheStreet Ratings rates CGI Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full CGI Group Ratings Report.

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