NEW YORK (

TheStreet

) --

Tech Data Corporation

(Nasdaq:

TECD

) hit a new 52-week high Friday as it is currently trading at $57.04, above its previous 52-week high of $56.45 with 143,845 shares traded as of 2:10 p.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

services

sector and

wholesale

industry. Shares are up 13.9% year to date as of the close of trading on Thursday.

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 11.1, 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

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, increase in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full

Tech Data Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

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