NEW YORK ( TheStreet) -- News (Nasdaq: NWS) hit a new 52-week high Thursday as it is currently trading at $20.80, above its previous 52-week high of $20.79 with 2.9 million shares traded as of 1:05 p.m. ET. Average volume has been 2.3 million shares over the past 30 days. News has a market cap of $15.67 billion and is part of the services sector and media industry. Shares are up 7.8% year to date as of the close of trading on Wednesday. News Corporation operates as a diversified media company worldwide. The company has a P/E ratio of 17.5, below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates News as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full News Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.