Wright Express Reaches New 52-Week High (WXS)

NEW YORK ( TheStreet) -- Wright Express (NYSE: WXS) hit a new 52-week high Thursday as it is currently trading at $62.45, above its previous 52-week high of $62.18 with 42,756 shares traded as of 9:59 a.m. ET. Average volume has been 224,100 shares over the past 30 days.

Wright Express has a market cap of $2.17 billion and is part of the services sector and diversified services industry. Shares are up 12.9% year to date as of the close of trading on Wednesday.

Wright Express Corporation provides business payment processing and information management solutions in North America, the Asia Pacific, and Europe. It operates in two segments: Fleet Payment Solutions and Other Payment Solutions. The company has a P/E ratio of 17.9, below the average diversified services industry P/E ratio of 18.3 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Wright Express 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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. 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 Wright Express Ratings Report.

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