NEW YORK ( TheStreet) -- ShoreTel (Nasdaq: SHOR) hit a new 52-week high Wednesday as it is currently trading at $10.74, above its previous 52-week high of $10.02 with 446,002 shares traded as of 9:42 a.m. ET. Average volume has been 356,300 shares over the past 30 days.

ShoreTel has a market cap of $419.9 million and is part of the technology sector and telecommunications industry. Shares are up 17.8% year to date as of the close of trading on Tuesday.

ShoreTel, Inc., together with its subsidiaries, provides Internet protocol (IP) telecommunications systems for enterprises in the United States.
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TheStreet Ratings rates ShoreTel as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. 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 ShoreTel Ratings Report.

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