NetEase.com Stock Hits New 52-Week High (NTES)

NEW YORK ( TheStreet) -- NetEase.com (Nasdaq: NTES) hit a new 52-week high Monday as it is currently trading at $55.38, above its previous 52-week high of $55.12 with 134,020 shares traded as of 10:10 a.m. ET. Average volume has been 669,800 shares over the past 30 days.

NetEase.com has a market cap of $6.32 billion and is part of the technology sector and internet industry. Shares are up 22.5% year to date as of the close of trading on Friday.

NetEase.com, Inc., an Internet technology company, engages in the development of applications, services, and other technologies for the Internet in China. The company has a P/E ratio of 18.4, above the average internet industry P/E ratio of 17.4 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates NetEase.com as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and expanding profit margins. 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 NetEase.com Ratings Report.

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