New Lifetime High Reached: ITC Holdings (ITC)

Trade-Ideas LLC identified ITC Holdings ( ITC) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified ITC Holdings as such a stock due to the following factors:

  • ITC has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $55.3 million.
  • ITC has traded 21,027 shares today.
  • ITC is trading at a new lifetime high.

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More details on ITC:

ITC Holdings Corp., through its subsidiaries, engages in the electric transmission operations in the United States. The stock currently has a dividend yield of 1.6%. ITC has a PE ratio of 31. Currently there is 1 analyst that rates ITC Holdings a buy, no analysts rate it a sell, and 6 rate it a hold.

The average volume for ITC Holdings has been 1.1 million shares per day over the past 30 days. ITC has a market cap of $7.1 billion and is part of the utilities sector and utilities industry. The stock has a beta of 0.02 and a short float of 1.3% with 1.61 days to cover. Shares are up 18.9% year-to-date as of the close of trading on Friday.

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TheStreet Quant Ratings rates ITC Holdings as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, solid stock price performance and notable return on equity. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

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