NEW YORK ( TheStreet) -- ITC Holdings (NYSE: ITC) hit a new 52-week high Monday as it is currently trading at $80.70, above its previous 52-week high of $78.89 with 167,666 shares traded as of 9:40 a.m. ET. Average volume has been 363,900 shares over the past 30 days.

ITC has a market cap of $3.77 billion and is part of the utilities sector and utilities industry. Shares are up 19% year to date as of the close of trading on Friday.

ITC Holdings Corp., through its subsidiaries, engages in the transmission of electricity in the United States. The company has a P/E ratio of 22.9, equal to the average utilities industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates ITC as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full ITC Ratings Report.

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