Staples Reaches New 52-Week High (SPLS) - TheStreet

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

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NEW YORK (

TheStreet

) --

Staples

(Nasdaq:

SPLS

) hit a new 52-week high Thursday as it is currently trading at $15.90, above its previous 52-week high of $15.85 with 713,258 shares traded as of 10:01 a.m. ET. Average volume has been 8.7 million shares over the past 30 days.

Staples has a market cap of $10.51 billion and is part of the services sector and specialty retail industry. Shares are up 37.5% year to date as of the close of trading on Wednesday.

Staples, Inc., together with its subsidiaries, operates as an office products company. It operates in three segments: North American Stores & Online, North American Commercial, and International Operations.

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TheStreet Ratings rates

Staples

as a

hold

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

Staples Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

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