NEW YORK ( TheStreet) -- Wal-Mart Stores (NYSE: WMT) hit a new 52-week high Wednesday as it is currently trading at $59.56, above its previous 52-week high of $59.40 with 1.7 million shares traded as of 10:05 a.m. ET. Average volume has been 11.5 million shares over the past 30 days.

Wal-Mart Stores has a market cap of $197.88 billion and is part of the services sector and retail industry. Shares are up 9.8% year to date as of the close of trading on Tuesday.

Wal-Mart Stores, Inc. operates retail stores in various formats worldwide. The company's Walmart U.S. The company has a P/E ratio of 13.1, above the average retail industry P/E ratio of 12.3 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Wal-Mart Stores as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Wal-Mart Stores Ratings Report.

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