IAC/InterActiveCorp Reaches New 52-Week High (IACI)

NEW YORK ( TheStreet) -- IAC/InterActiveCorp (Nasdaq: IACI) hit a new 52-week high Wednesday as it is currently trading at $51.47, above its previous 52-week high of $51.05 with 171,529 shares traded as of 9:40 a.m. ET. Average volume has been 980,600 shares over the past 30 days.

IAC/InterActiveCorp has a market cap of $3.77 billion and is part of the services sector and retail industry. Shares are up 14.4% year to date as of the close of trading on Tuesday.

IAC/InterActiveCorp engages in the Internet business in the United States and internationally. The company has a P/E ratio of 25.5, equal to the average retail industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates IAC/InterActiveCorp 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, solid stock price performance, impressive record of earnings per share growth and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full IAC/InterActiveCorp Ratings Report.

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