NEW YORK (

TheStreet

) --

Taleo Corporation

(Nasdaq:

TLEO

) hit a new 52-week high Thursday as it traded at $34.27 compared with its previous 52-Week high of $34.05. Taleo is changing hands at $34.24 with 162,144 shares traded as of 10:07 a.m. ET. Average volume has been 455,700 shares over the past 30 days.

Taleo has a market cap of $1.3 billion and is part of the

technology

sector and

computer software & services

industry. Shares are up 19.6% year to date as of the close of trading on Wednesday.

Taleo Corporation provides on-demand talent management software solutions. The company has a P/E ratio of 3256, above the S&P 500 P/E ratio of 16.

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TheStreet Ratings rates Taleo as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full

Taleo Ratings Report

.

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