EBay Stock Hits New 52-Week High (EBAY)

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) -- eBay (Nasdaq: EBAY) hit a new 52-week high Friday as it is currently trading at $56.36, above its previous 52-week high of $55.34 with five million shares traded as of 10:51 a.m. ET. Average volume has been 9.8 million shares over the past 30 days.

eBay has a market cap of $69.07 billion and is part of the services sector and retail industry. Shares are up 4.7% year to date as of the close of trading on Thursday.

eBay Inc. provides online platforms, services, and tools to help individuals and merchants in online and mobile commerce and payments in the United States and internationally. The company has a P/E ratio of 22.6, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates eBay as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and reasonable valuation levels. 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 eBay Ratings Report.

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