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.
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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TheStreet Ratings rates Visa as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Visa 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.