IntercontinentalExchange Stock Hits New 52-Week High (ICE)

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) -- IntercontinentalExchange (NYSE: ICE) hit a new 52-week high Monday as it is currently trading at $179.15, above its previous 52-week high of $179.10 with 261,735 shares traded as of 11:11 a.m. ET. Average volume has been 651,900 shares over the past 30 days.

IntercontinentalExchange has a market cap of $12.76 billion and is part of the financial sector and financial services industry. Shares are up 39.9% year to date as of the close of trading on Friday.

IntercontinentalExchange, Inc. operates regulated global markets and clearing houses primarily in the United States, the United Kingdom, Canada, and Brazil. The company has a P/E ratio of 23.9, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates IntercontinentalExchange as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full IntercontinentalExchange Ratings Report.

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