NEW YORK ( TheStreet) -- SAVVIS (Nasdaq: SVVS) hit a new 52-week high Friday as it is currently trading at $39.39, above its previous 52-week high of $39.36 with 291,574 shares traded as of 10:46 a.m. ET. Average volume has been 1.6 million shares over the past 30 days.

SAVVIS has a market cap of $2.3 billion and is part of the services sector and diversified services industry. Shares are up 53.8% year to date as of the close of trading on Thursday.

SAVVIS, Inc. provides information technology (IT) services to businesses and government agencies worldwide. Its services primarily include hosting and network services.
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TheStreet Ratings rates SAVVIS as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and generally poor debt management. You can view the full SAVVIS Ratings Report.

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