Goldman Sachs Group Stock Hits New 52-Week High (GS)

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) -- Goldman Sachs Group (NYSE: GS) hit a new 52-week high Wednesday as it is currently trading at $138.51, above its previous 52-week high of $138.15 with 1.3 million shares traded as of 9:36 a.m. ET. Average volume has been 3.9 million shares over the past 30 days.

Goldman Sachs Group has a market cap of $63.97 billion and is part of the financial sector and financial services industry. Shares are up 6.7% year to date as of the close of trading on Tuesday.

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as a range of financial services to corporations, financial institutions, governments and high-net-worth individuals worldwide. The company has a P/E ratio of 13.1, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Goldman Sachs Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Goldman Sachs Group Ratings Report.

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