NEW YORK ( TheStreet) -- Syntel (Nasdaq: SYNT) hit a new 52-week high Friday as it is currently trading at $59.73, above its previous 52-week high of $59.62 with 18,587 shares traded as of 10:27 a.m. ET. Average volume has been 158,100 shares over the past 30 days. Syntel has a market cap of $2.4 billion and is part of the technology sector and computer software & services industry. Shares are up 23.7% year to date as of the close of trading on Thursday. Syntel, Inc. provides information technology (IT) and knowledge process outsourcing (KPO) services worldwide. It operates in four segments: Applications Outsourcing, KPO, e-Business, and TeamSourcing. The company has a P/E ratio of 21.3, below the average computer software & services industry P/E ratio of 21.4 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Syntel as a buy. 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, good cash flow from operations, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Syntel Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.