Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK (

TheStreet

) --

Apple

(Nasdaq:

AAPL

) hit a new 52-week high Monday as it is currently trading at $678.86, above its previous 52-week high of $674.88 with 2.5 million shares traded as of 9:35 a.m. ET. Average volume has been 14.9 million shares over the past 30 days.

Apple has a market cap of $581.88 billion and is part of the

technology

sector and

computer hardware

industry. Shares are up 63.8% 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 15.6, above the average computer hardware industry P/E ratio of 14.6 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 solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. 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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