Priceline.com Reaches New 52-Week High (PCLN)

NEW YORK ( TheStreet) -- Priceline.com (Nasdaq: PCLN) hit a new 52-week high Thursday as it is currently trading at $657, above its previous 52-week high of $655.33 with 106,800 shares traded as of 10 a.m. ET. Average volume has been one million shares over the past 30 days.

Priceline.com has a market cap of $26.07 billion and is part of the services sector and leisure industry. Shares are up 39.1% year to date as of the close of trading on Wednesday.

priceline.com Incorporated, together with its subsidiaries, operates as an online travel company. The company has a P/E ratio of 31.7, above the average leisure industry P/E ratio of 27.7 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Priceline.com 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, expanding profit margins 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 Priceline.com Ratings Report.

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