Thursday, July 21, 2011

AVA


Avista (NYSE:AVA) hit a new 52-week high Thursday as it is currently trading at $26.51, above its previous 52-week high of $26.49 with 29,894 shares traded as of 10:36 a.m. ET. Average volume has been 341,800 shares over the past 30 days.
Avista has a market cap of $1.5 billion and is part of the utilities sector and utilities industry. Shares are up 16% year to date as of the close of trading on Wednesday.
Avista Corporation, an energy company, engages in the generation, transmission, and distribution of energy and other energy-related businesses in the United States and Canada. It operates in two segments, Avista Utilities and Advantage IQ. The company has a P/E ratio of 13.9, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Avista as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, good cash flow from operations and compelling growth in net income. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Avista Ratings Report.

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