NEW YORK (

TheStreet

) --

Nike

(NYSE:

NKE

) hit a new 52-week high Tuesday as it is currently trading at $104.57, above its previous 52-week high of $104.15 with 617,979 shares traded as of 10:25 a.m. ET. Average volume has been 2.4 million shares over the past 30 days.

Nike has a market cap of $37.71 billion and is part of the

consumer goods

sector and

consumer non-durables

industry. Shares are up 7.3% year to date as of the close of trading on Monday.

NIKE, Inc., together with its subsidiaries, engages in the design, development, marketing, and sale of footwear, apparel, equipment, and accessory products for men, women, and children worldwide. The company has a P/E ratio of 21.9, equal to the average consumer non-durables industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Nike as a

buy

. 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, solid stock price performance, growth in earnings per share and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full

Nike Ratings Report

.

See all

52-week high stocks

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.

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