Visa (NYSE:V) hit a new 52-week high Monday as it is currently trading at $162.95, above its previous 52-week high of $162.77 with two million shares traded as of 12:06 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 Monday as it is currently trading at $162.95, above its previous 52-week high of $162.77 with two million shares traded as of 12:06 p.m. ET. Average volume has been 2.9 million shares over the past 30 days. Visa has a market cap of $84.35 billion and is part of the services sector and diversified services industry. 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.
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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, increase in net income, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Visa Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.