Edison International Reaches New 52-Week High (EIX)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Edison International (NYSE: EIX) hit a new 52-week high Thursday as it is currently trading at $47.15, above its previous 52-week high of $46.94 with 556,059 shares traded as of 10:05 a.m. ET. Average volume has been 1.7 million shares over the past 30 days.

Edison International has a market cap of $14.99 billion and is part of the utilities sector and utilities industry. Shares are up 11.1% year to date as of the close of trading on Wednesday.

Edison International, through its subsidiaries, engages in the generation and distribution of electric power. It operates in two segments, Electric Utility and Competitive Power Generation.

  • ACTIVE STOCK TRADERS: Get full access to Jim Cramer's thoughts for less than $3/week - sometimes before he says them on TV! Start with a 14-Day Free Trial.

TheStreet Ratings rates Edison International as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Edison International Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.
null

If you liked this article you might like

Green Energy Is Threatening to Cripple Many Utilities

These Stocks Are Changing Direction

Market Recon: Most Unusually, We're Seeing Safe Haven Investing

The S&P 500 Companies With the Most Diverse Boards

A Few Other Blue Chip Stocks Investors Should Avoid