NEW YORK ( TheStreet) -- CGI Group (NYSE: GIB) hit a new 52-week high Wednesday as it is currently trading at $23.68, above its previous 52-week high of $23.59 with 160,489 shares traded as of 10:21 a.m. ET. Average volume has been 229,700 shares over the past 30 days.

CGI Group has a market cap of $5.2 billion and is part of the technology sector and internet industry. Shares are up 32.4% year to date as of the close of trading on Tuesday.

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 14.7, below the average internet industry P/E ratio of 15.1 and below the S&P 500 P/E ratio of 17.7.
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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, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full CGI Group Ratings Report.

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