Citigroup (NYSE:C) hit a new 52-week high Friday as it is currently trading at $41.78, above its previous 52-week high of $41.50 with 1.9 million shares traded as of 9:30 a.m. ET. Average volume has been 40 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) -- Citigroup (NYSE: C) hit a new 52-week high Friday as it is currently trading at $41.78, above its previous 52-week high of $41.50 with 1.9 million shares traded as of 9:30 a.m. ET. Average volume has been 40 million shares over the past 30 days. Citigroup has a market cap of $120.97 billion and is part of the financial sector and banking industry. Shares are up 4.3% year to date as of the close of trading on Thursday. Citigroup, Inc., a diversified financial services holding company, provides a range of financial products and services to consumers, corporations, governments, and institutions worldwide. The company operates through two segments, Citicorp and Citi Holdings. The company has a P/E ratio of 17.3, below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Citigroup as a hold. Among the primary strengths of the company is its solid stock price performance. At the same time, however, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity. You can view the full Citigroup Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.