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) -- Visa (NYSE: V) hit a new 52-week high Tuesday as it is currently trading at $141.74, above its previous 52-week high of $141.59 with one million shares traded as of 12:36 p.m. ET. Average volume has been 2.9 million shares over the past 30 days. Visa has a market cap of $73.38 billion and is part of the services sector and diversified services industry. Shares are up 37.8% year to date as of the close of trading on Monday. Visa Inc., a payments technology company, engages in the operation of retail electronic payments network worldwide. It facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities. The company has a P/E ratio of 70.3, below the average diversified services industry P/E ratio of 102.3 and above the S&P 500 P/E ratio of 17.7.
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