IAC/InterActiveCorp Stock Hits New 52-Week High (IACI)
IAC/InterActiveCorp (Nasdaq:IACI) hit a new 52-week high Tuesday as it is currently trading at $55.05, above its previous 52-week high of $55 with 164,143 shares traded as of 11:20 a.m. ET. Average volume has been 841,700 shares over the past 30 days.
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) -- IAC/InterActiveCorp (Nasdaq: IACI) hit a new 52-week high Tuesday as it is currently trading at $55.05, above its previous 52-week high of $55 with 164,143 shares traded as of 11:20 a.m. ET. Average volume has been 841,700 shares over the past 30 days. IAC/InterActiveCorp has a market cap of $4.38 billion and is part of the technology sector and internet industry. Shares are up 28.8% year to date as of the close of trading on Monday. IAC/InterActiveCorp engages in the Internet business in the United States and internationally. The company has a P/E ratio of 25.9, below the average internet industry P/E ratio of 26.5 and above the S&P 500 P/E ratio of 17.7.
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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, growth in earnings per share and reasonable valuation levels. 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 IAC/InterActiveCorp 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.