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TheStreet Wire

International Business Machines Stock Hits New 52-Week High (IBM)

By TheStreet Wire 02/23/12 - 10:40 AM EST

Find out if (IBM) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- International Business Machines (NYSE:IBM) hit a new 52-week high Thursday as it is currently trading at $196.72, above its previous 52-week high of $194.90 with 1.8 million shares traded as of 10:15 a.m. ET. Average volume has been 5.1 million shares over the past 30 days.

International Business Machines has a market cap of $226.21 billion and is part of the technology sector and computer hardware industry. Shares are up 5.4% year to date as of the close of trading on Wednesday.

International Business Machines Corporation (IBM) provides information technology (IT) products and services worldwide. The company has a P/E ratio of 14.4, below the average computer hardware industry P/E ratio of 14.7 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates International Business Machines as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, solid stock price performance and growth in earnings per share. 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 International Business Machines Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

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