NEW YORK ( TheStreet) -- Nike (NYSE: NKE) hit a new 52-week high Monday as it is currently trading at $97.07, above its previous 52-week high of $96.93 with 340,715 shares traded as of 10:06 a.m. ET. Average volume has been 3.5 million shares over the past 30 days. Nike has a market cap of $35 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 12.2% year to date as of the close of trading on Friday. NIKE, Inc., together with its subsidiaries, engages in the design, development, marketing, and sale of footwear, apparel, equipment, and accessory products for men, women, and children worldwide. The company has a P/E ratio of 20.4, above the average consumer non-durables industry P/E ratio of 20.3 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Nike as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Nike Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.