NEW YORK ( TheStreet) -- Basic Sanitation Company of the State of Sa (NYSE: SBS) hit a new 52-week high Thursday as it is currently trading at $67.37, above its previous 52-week high of $67.24 with 121,187 shares traded as of 1:45 p.m. ET. Average volume has been 206,400 shares over the past 30 days.

Basic Sanitation Company of the State of Sa has a market cap of $7.06 billion and is part of the utilities sector and utilities industry. Shares are up 20.2% year to date as of the close of trading on Wednesday.

Companhia de Saneamento B sico do Estado de Sao Paulo - SABESP provides water and sewage services to residential, commercial, industrial, and governmental customers in the State of Sao Paulo. The company has a P/E ratio of 14.4, below the average utilities industry P/E ratio of 15.3 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Basic Sanitation Company of the State of Sa as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Basic Sanitation Company of the State of Sa Ratings Report.

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