Citigroup Reaches New 52-Week High (C)

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) -- Citigroup (NYSE: C) hit a new 52-week high Wednesday as it is currently trading at $52.54, above its previous 52-week high of $52.18 with eight million shares traded as of 10:20 a.m. ET. Average volume has been 30.7 million shares over the past 30 days.

Citigroup has a market cap of $157.01 billion and is part of the financial sector and banking industry. Shares are up 30.6% year to date as of the close of trading on Tuesday.

Citigroup, Inc., a diversified financial services holding company, provides a range of financial products and services to consumers, corporations, governments, and institutions worldwide. The company operates through two segments, Citicorp and Citi Holdings. The company has a P/E ratio of 18.6, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Citigroup as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, attractive valuation levels, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Citigroup Ratings Report.

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