Xyratex Reaches New 52-Week High (XRTX)

NEW YORK ( TheStreet) -- Xyratex (Nasdaq: XRTX) hit a new 52-week high Tuesday as it is currently trading at $14.96, above its previous 52-week high of $14.95 with 31,293 shares traded as of 9:50 a.m. ET. Average volume has been 391,600 shares over the past 30 days.

Xyratex has a market cap of $402.5 million and is part of the technology sector and computer hardware industry. Shares are up 9.9% year to date as of the close of trading on Monday.

Xyratex Ltd provides modular enterprise-class data storage subsystems and hard disk drive capital equipment for original equipment manufacturers (OEM), and hard disk drive manufacturers and their component suppliers in North America, Asia, and Europe. The company has a P/E ratio of 11.5, below the average computer hardware industry P/E ratio of 15.9 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Xyratex as a buy. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Xyratex Ratings Report.

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