Plantronics Reaches New 52-Week High (PLT)

NEW YORK ( TheStreet) -- Plantronics (NYSE: PLT) hit a new 52-week high Tuesday as it is currently trading at $39.26, above its previous 52-week high of $39.23 with 208,318 shares traded as of 2:05 p.m. ET. Average volume has been 407,400 shares over the past 30 days.

Plantronics has a market cap of $1.66 billion and is part of the technology sector and telecommunications industry. Shares are up 8.5% year to date as of the close of trading on Monday.

Plantronics, Inc., together with its subsidiaries, engages in the design, manufacture, and marketing of lightweight communications headsets, telephone headset systems, and accessories for the business and consumer markets under the Plantronics name worldwide. The company has a P/E ratio of 16.5, equal to the average telecommunications industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Plantronics 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, notable return on equity, attractive valuation levels and impressive record of earnings per share growth. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Plantronics Ratings Report.

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