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) -- MBIA (NYSE: MBI) hit a new 52-week high Wednesday as it is currently trading at $12.97, above its previous 52-week high of $12.93 with 3.2 million shares traded as of 12:25 p.m. ET. Average volume has been 3.3 million shares over the past 30 days. MBIA has a market cap of $2.46 billion and is part of the financial sector and insurance industry. Shares are up 58.7% year to date as of the close of trading on Tuesday. MBIA Inc., together with its subsidiaries, provides financial guarantee insurance and related reinsurance, advisory, and portfolio services for the public and structured finance markets; and asset management advisory services in the United States and internationally. The company has a P/E ratio of two, below the S&P 500 P/E ratio of 17.7.
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