NEW YORK ( TheStreet) -- Ingram Micro (NYSE: IM) hit a new 52-week high Thursday as it traded at $20.92 compared with its previous 52-Week high of $20.91. Ingram Micro is changing hands at $20.91 with 330,129 shares traded as of 2:11 p.m. ET. Average volume has been 1.5 million shares over the past 30 days.

Ingram Micro has a market cap of $3.3 billion and is part of the services sector and wholesale industry. Shares are up 9.1% year to date as of the close of trading on Wednesday.

Ingram Micro Inc. and its subsidiaries distribute information technology (IT) products and supply chain solutions worldwide. The company offers various IT products, including peripherals, systems, software, networking, and others. The company has a P/E ratio of 10.8, equal to the average wholesale industry P/E ratio and below the S&P 500 P/E ratio of 16.2.
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TheStreet Ratings rates Ingram Micro as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Ingram Micro Ratings Report.

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