NEW YORK ( TheStreet) -- MasterCard Incorporated (NYSE: MA) hit a new 52-week high Monday as it is currently trading at $429.15, above its previous 52-week high of $428.57 with 141,568 shares traded as of 10:04 a.m. ET. Average volume has been 1.1 million shares over the past 30 days. MasterCard has a market cap of $41.59 billion and is part of the services sector and diversified services industry. Shares are up 13.7% year to date as of the close of trading on Friday. MasterCard Incorporated, a payments and technology company, together with its subsidiaries, provides transaction processing and other payment-related services in the United States and internationally. The company has a P/E ratio of 28.1, above the average diversified services industry P/E ratio of 19.2 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates MasterCard as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full MasterCard Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.