Moody’s Corporation (NYSE:MCO) traded at a new 52-week high today of $311.81. This new high was reached on below average trading volume as 105,000 shares traded hands, while the average 30-day volume is approximately 815,000 shares.
Moody’s is the world’s second-largest provider of credit ratings, trailing only S&P Global. The company provides ratings on more than a third of the total bond ratings in existence. Within ratings, roughly half of its revenue is derived from corporate issuers, while the rest of its corporate ratings are split among financial institutions, structured products, and public institutions. Moody’s Analytics (13.5% of operating income) provides ancillary software and data solutions to issuers and investors. In 2017, the company bought Bureau van Dijk, a provider of private company data, for $3.5 billion to bolster its efforts in analytics.
Moody’s Corporation (NYSE:MCO) is currently priced 1.5% above its average consensus analyst price target of $306.11.
Moody’s Corporation share prices have moved between a 52-week high of $311.81 and a 52-week low of $217.44 and are now trading 43% above that low price at $310.82 per share.
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