NEW YORK (

TheStreet

) --

Apple Incorporated

(Nasdaq:

AAPL

) hit a new 52-week high Monday as it is currently trading at $397.06, above its previous 52-week high of $396.27 with 8.1 million shares traded as of 11:36 a.m. ET. Average volume has been 14.8 million shares over the past 30 days.

Apple has a market cap of $359.1 billion and is part of the

technology

sector and

computer hardware

industry. Shares are up 21.9% year to date as of the close of trading on Friday.

Apple Inc., together with subsidiaries, designs, manufactures, and markets personal computers, mobile communication devices, and portable digital music and video players, as well as sells various related software, services, peripherals, and networking solutions. The company has a P/E ratio of 15.3, equal to the average computer hardware industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Apple as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full

Apple Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

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