Basic Sanitation Company Of The State Of Sa Reaches New 52-Week High (SBS)

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 $75.88, above its previous 52-week high of $75.75 with 54,257 shares traded as of 10:19 a.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 34.9% 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 16.2, above 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 solid stock price performance, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Basic Sanitation Company of the State of Sa Ratings Report.

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