Euronet Worldwide Reaches New 52-Week High (EEFT)

NEW YORK ( TheStreet) -- Euronet Worldwide (Nasdaq: EEFT) hit a new 52-week high Wednesday as it is currently trading at $21.52, above its previous 52-week high of $21.34 with 12,966 shares traded as of 9:34 a.m. ET. Average volume has been 202,100 shares over the past 30 days.

Euronet Worldwide has a market cap of $1.06 billion and is part of the services sector and diversified services industry. Shares are up 14.7% year to date as of the close of trading on Tuesday.

Euronet Worldwide, Inc. provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers. The company operates in three segments: EFT Processing, epay, and Money Transfer. The company has a P/E ratio of 29.4, equal to the average diversified services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Euronet Worldwide as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Euronet Worldwide Ratings Report.

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