EMC Stock Hits New 52-Week High (EMC)

NEW YORK ( TheStreet) -- EMC Corporation (NYSE: EMC) hit a new 52-week high Friday as it is currently trading at $28.90, above its previous 52-week high of $28.74 with 1.1 million shares traded as of 9:40 a.m. ET. Average volume has been 21.7 million shares over the past 30 days.

EMC has a market cap of $51.28 billion and is part of the technology sector and computer hardware industry. Shares are up 32.4% year to date as of the close of trading on Thursday.

EMC Corporation develops, delivers, and supports the information and virtual infrastructure technologies and solutions. The company has a P/E ratio of 25.5, above the average computer hardware industry P/E ratio of 24.9 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates EMC as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, expanding profit margins, good cash flow from operations and solid stock price performance. 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 EMC Ratings Report.

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