International Business Machines Reaches New 52-Week High (IBM)

NEW YORK ( TheStreet) -- International Business Machines (NYSE: IBM) hit a new 52-week high Tuesday as it is currently trading at $202.54, above its previous 52-week high of $201.57 with 1.4 million shares traded as of 11:20 a.m. ET. Average volume has been 5.1 million shares over the past 30 days.

International Business Machines has a market cap of $226.21 billion and is part of the technology sector and computer hardware industry. Shares are up 9.3% year to date as of the close of trading on Monday.

International Business Machines Corporation (IBM) provides information technology (IT) products and services worldwide. The company operates in five segments: Global Technology Services, Global Business Services, Software, Systems and Technology, and Global Financing. The company has a P/E ratio of 15.4, above the average computer hardware industry P/E ratio of 14.7 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates International Business Machines as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full International Business Machines Ratings Report.

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