NEW YORK ( TheStreet) -- Copa Holdings (NYSE: CPA) hit a new 52-week high Friday as it is currently trading at $69.12, above its previous 52-week high of $69 with 99,719 shares traded as of 12:11 p.m. ET. Average volume has been 230,800 shares over the past 30 days.

Copa has a market cap of $2.3 billion and is part of the services sector and transportation industry. Shares are up 16.4% year to date as of the close of trading on Thursday.

Copa Holdings, S. A., through its subsidiaries, provides airline passenger and cargo services. The company offers air transportation services for leisure and business travelers; and cargo, which include freight, courier, and mail service. The company has a P/E ratio of 12.6, above the average transportation industry P/E ratio of 7.2 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Copa as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Copa Ratings Report.

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