NEW YORK (

TheStreet

) --

Arrow Electronics

(NYSE:

ARW

) hit a new 52-week high Tuesday as it is currently trading at $44.04, above its previous 52-week high of $44 with 515,593 shares traded as of 11:46 a.m. ET. Average volume has been one million shares over the past 30 days.

Arrow has a market cap of $5 billion and is part of the

services

sector and

wholesale

industry. Shares are up 21.5% year to date as of the close of trading on Monday.

TheStreet Recommends

Arrow Electronics, Inc. distributes products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions worldwide. The company has a P/E ratio of 10.8, equal to the average wholesale industry P/E ratio and below the S&P 500 P/E ratio of 16.7.

  • Practice your ARW trading strategies and win cash in our stock game.

TheStreet Ratings rates Arrow as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, robust revenue growth and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full

Arrow Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

null