Microsoft Stock Hits New 52-Week High (MSFT)

NEW YORK ( TheStreet) -- Microsoft Corporation (Nasdaq: MSFT) hit a new 52-week high Tuesday as it is currently trading at $32.48, above its previous 52-week high of $32.44 with 18.9 million shares traded as of 11:30 a.m. ET. Average volume has been 55.1 million shares over the past 30 days.

Microsoft has a market cap of $246.19 billion and is part of the technology sector and computer software & services industry. Shares are up 23.4% year to date as of the close of trading on Monday.

Microsoft Corporation develops, licenses, and supports a range of software products and services for various computing devices worldwide. The company has a P/E ratio of 11.6, above the average computer software & services industry P/E ratio of 10.7 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Microsoft as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Microsoft Ratings Report.

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