EBay Reaches New 52-Week High (EBAY)

NEW YORK ( TheStreet) -- eBay (Nasdaq: EBAY) hit a new 52-week high Thursday as it is currently trading at $44.17, above its previous 52-week high of $43.94 with 3.9 million shares traded as of 9:35 a.m. ET. Average volume has been 12.8 million shares over the past 30 days.

eBay has a market cap of $50.45 billion and is part of the services sector and retail industry. Shares are up 28.8% year to date as of the close of trading on Wednesday.

eBay Inc. provides online platforms, services, and tools to help individuals and merchants in online and mobile commerce and payments in the United States and internationally. The company has a P/E ratio of 15.4, equal to the average retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates eBay 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, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full eBay Ratings Report.

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