NEW YORK ( TheStreet) -- Aqua America (NYSE: WTR) hit a new 52-week high Monday as it is currently trading at $23.33, above its previous 52-week high of $23.32 with 208,146 shares traded as of 11:33 a.m. ET. Average volume has been 479,200 shares over the past 30 days. Aqua America has a market cap of $3.21 billion and is part of the utilities sector and utilities industry. Shares are up 5% year to date as of the close of trading on Friday. Aqua America, Inc., through its subsidiaries, operates regulated utilities that provide water or wastewater services in the United States. The company has a P/E ratio of 22.9, above the average utilities industry P/E ratio of 21.2 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Aqua America as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, notable return on equity and increase in net income. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Aqua America Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.