Intuit Reaches New 52-Week High (INTU)

NEW YORK ( TheStreet) -- Intuit (Nasdaq: INTU) hit a new 52-week high Wednesday as it is currently trading at $59.26, above its previous 52-week high of $58.90 with 396,722 shares traded as of 9:45 a.m. ET. Average volume has been two million shares over the past 30 days.

Intuit has a market cap of $17.04 billion and is part of the technology sector and computer software & services industry. Shares are up 9.4% year to date as of the close of trading on Tuesday.

Intuit Inc. provides business and financial management solutions for small and medium-sized businesses, consumers, accounting professionals, and financial institutions primarily in the United States, Canada, India, Singapore, and the United Kingdom. The company has a P/E ratio of 28.5, above the average computer software & services industry P/E ratio of 25.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Intuit as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, good cash flow from operations and growth in earnings per share. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Intuit Ratings Report.

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