Nelnet Reaches New 52-Week High (NNI)

NEW YORK ( TheStreet) -- Nelnet (NYSE: NNI) hit a new 52-week high Tuesday as it is currently trading at $24.99, above its previous 52-week high of $24.75 with 52,358 shares traded as of 11:07 a.m. ET. Average volume has been 123,400 shares over the past 30 days.

Nelnet has a market cap of $871.9 million and is part of the financial sector and financial services industry. Shares are up 3.3% year to date as of the close of trading on Friday.

Nelnet, Inc., an education services company, focuses on providing fee-based processing services, and education-related products and services in the areas of loan financing, loan servicing, payment processing, and enrollment services. The company has a P/E ratio of 5.3, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Nelnet as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full Nelnet Ratings Report.

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