NEW YORK (

TheStreet

) --

Mellanox Technologies

(Nasdaq:

MLNX

) hit a new 52-week high Tuesday as it is currently trading at $29, above its previous 52-week high of $28.98 with 207,128 shares traded as of 3:17 p.m. ET. Average volume has been 238,100 shares over the past 30 days.

Mellanox has a market cap of $957.9 million and is part of the

technology

sector and

electronics

industry. Shares are down 1.6% year to date as of the close of trading on Monday.

TheStreet Recommends

Mellanox Technologies, Ltd., a fabless semiconductor company, engages in the design, development, marketing, and sale of interconnect products based on semiconductor integrated circuits (ICs) in North America, Israel, Europe, and Asia. The company has a P/E ratio of 72.7, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 16.7.

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

TheStreet Ratings rates Mellanox as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and disappointing return on equity. You can view the full

Mellanox Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

null