Priceline.com Stock Hits New 52-Week High (PCLN)

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) -- Priceline.com (Nasdaq: PCLN) hit a new 52-week high Friday as it is currently trading at $812.45, above its previous 52-week high of $811.48 with 573,560 shares traded as of 2:51 p.m. ET. Average volume has been 662,700 shares over the past 30 days.

Priceline.com has a market cap of $40.34 billion and is part of the services sector and diversified services industry. Shares are up 29.9% year to date as of the close of trading on Thursday.

priceline.com Incorporated operates as a online travel company. The company has a P/E ratio of 27.9, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Priceline.com 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, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Priceline.com Ratings Report.

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