EBay Reaches 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 Wednesday as it is currently trading at $57.38, above its previous 52-week high of $57.27 with 2.9 million shares traded as of 11:06 a.m. ET. Average volume has been 11.2 million shares over the past 30 days.

eBay has a market cap of $72.36 billion and is part of the services sector and retail industry. Shares are up 9.9% year to date as of the close of trading on Tuesday.

eBay Inc. provides online platforms, tools, and services 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 28.1, 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 robust revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full eBay Ratings Report.

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