NEW YORK (
TheStreet) --
Xyratex (Nasdaq:
XRTX) hit a new 52-week high Friday as it is currently trading at $17.28, above its previous 52-week high of $17.21 with 109,718 shares traded as of 1:20 p.m. ET. Average volume has been 319,200 shares over the past 30 days.
Xyratex has a market cap of $435.3 million and is part of the
technology sector and
computer hardware industry. Shares are up 28.9% year to date as of the close of trading on Thursday.
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 13, below the average computer hardware industry P/E ratio of 17.2 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Xyratex as a
buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full
Xyratex Ratings Report.
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