EMC Stock Hits New 52-Week High (EMC)

NEW YORK ( TheStreet) -- EMC Corporation (NYSE: EMC) hit a new 52-week high Wednesday as it traded at $26.58 compared with its previous 52-Week high of $26.30. EMC is changing hands at $26.52 with 6.2 million shares traded as of 10:06 a.m. ET. Average volume has been 20.3 million shares over the past 30 days. EMC has a market cap of $53.6 billion and is part of the technology sector and computer hardware industry. Shares are up 14.2% year to date as of the close of trading on Tuesday.

EMC Corporation develops, delivers, and supports information infrastructure and virtual infrastructure technologies and solutions. The company has a P/E ratio of 20.6, below the average computer hardware industry P/E ratio of 29.5 and below the S&P 500 P/E ratio of 23.4.

TheStreet Ratings rates EMC as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full EMC Ratings Report.

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