Virtus Investment Stock Hits New 52-Week High (VRTS)

NEW YORK ( TheStreet) -- Virtus Investment Partners (Nasdaq: VRTS) hit a new 52-week high Thursday as it is currently trading at $84.79, above its previous 52-week high of $83.50 with 18,848 shares traded as of 3:14 p.m. ET. Average volume has been 43,100 shares over the past 30 days.

Virtus Investment has a market cap of $493.1 million and is part of the financial sector and financial services industry. Shares are up 9.1% year to date as of the close of trading on Wednesday.

Virtus Investment Partners, Inc. provides investment management products and services to individuals and institutions in the United States. The company has a P/E ratio of five, below the average financial services industry P/E ratio of 122.9 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Virtus Investment 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, solid stock price performance and impressive record of earnings per share growth. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Virtus Investment Ratings Report.

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