NEW YORK ( TheStreet) -- Red Hat (NYSE: RHT) hit a new 52-week high Tuesday as it is currently trading at $52.37, above its previous 52-week high of $52 with 1.2 million shares traded as of 12:36 p.m. ET. Average volume has been 2.8 million shares over the past 30 days. Red Hat has a market cap of $9.6 billion and is part of the technology sector and computer software & services industry. Shares are up 10.1% year to date as of the close of trading on Monday. Red Hat, Inc. provides open source software solutions to enterprises worldwide. It also offers enterprise-ready open source operating system platforms. The company has a P/E ratio of 74.7, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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