Microsoft Stock Hits New 52-Week High (MSFT)
NEW YORK (
) --
(Nasdaq:
) hit a new 52-week high Wednesday as it is currently trading at $29.97, above its previous 52-week high of $29.95 with 9.6 million shares traded as of 10:15 a.m. ET. Average volume has been 55.1 million shares over the past 30 days.
Microsoft has a market cap of $246.19 billion and is part of the
sector and
industry. Shares are up 14.1% year to date as of the close of trading on Tuesday.
Microsoft Corporation develops, licenses, and supports a range of software products and services for various computing devices worldwide. The company has a P/E ratio of 10.7, equal to the average computer software & services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Microsoft as a
. 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, attractive valuation levels, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full
.
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