Moody's Reaches New 52-Week High (MCO)

NEW YORK ( TheStreet) -- Moody's Corporation (NYSE: MCO) hit a new 52-week high Tuesday as it is currently trading at $42.74, above its previous 52-week high of $42.67 with 252,247 shares traded as of 10:40 a.m. ET. Average volume has been 2.1 million shares over the past 30 days.

Moody's has a market cap of $8.19 billion and is part of the services sector and diversified services industry. Shares are up 25% year to date as of the close of trading on Monday.

Moody's Corporation, through its subsidiaries, provides credit ratings, research, and analysis covering fixed-income securities, other debt instruments, and the entities that issue such instruments in the global capital markets. The company has a P/E ratio of 16.9, above the average diversified services industry P/E ratio of 13.9 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Moody's as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, 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 Moody's Ratings Report.

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