Viasat Stock Hits New 52-Week High (VSAT)

NEW YORK ( TheStreet) -- Viasat (Nasdaq: VSAT) hit a new 52-week high Friday as it is currently trading at $49.23, above its previous 52-week high of $49.20 with 204,475 shares traded as of 1:29 p.m. ET. Average volume has been 238,200 shares over the past 30 days.

Viasat has a market cap of $2.03 billion and is part of the technology sector and telecommunications industry. Shares are up 5.2% year to date as of the close of trading on Thursday.

ViaSat, Inc. designs, produces, and markets satellite and other wireless communication, and networking systems for government and commercial customers. The company has a P/E ratio of 61, above the average telecommunications industry P/E ratio of 59.6 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Viasat as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Viasat Ratings Report.

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