Tech Data Reaches New 52-Week High (TECD)
NEW YORK (
) --
(Nasdaq:
) hit a new 52-week high Wednesday as it is currently trading at $54.55, above its previous 52-week high of $54.44 with 10,620 shares traded as of 9:59 a.m. ET. Average volume has been 442,800 shares over the past 30 days.
Tech Data has a market cap of $2.17 billion and is part of the
sector and
industry. Shares are up 9.5% year to date as of the close of trading on Tuesday.
Tech Data Corporation distributes information technology products, as well as offers logistics management and other value-added services in North America, South America, and Europe. The company has a P/E ratio of 10.8, below the average wholesale industry P/E ratio of 15.5 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Tech Data as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, increase in net income, revenue growth and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full
.
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