Plantronics Reaches New 52-Week High (PLT)

NEW YORK ( TheStreet) -- Plantronics (NYSE: PLT) hit a new 52-week high Monday as it is currently trading at $39.73, above its previous 52-week high of $39.52 with 28,010 shares traded as of 9:40 a.m. ET. Average volume has been 399,600 shares over the past 30 days.

Plantronics has a market cap of $1.69 billion and is part of the technology sector and telecommunications industry. Shares are up 9% year to date as of the close of trading on Friday.

Plantronics, Inc., together with its subsidiaries, engages in the design, manufacture, and marketing of lightweight communications headsets, telephone headset systems, and accessories for the business and consumer markets under the Plantronics name worldwide. The company has a P/E ratio of 16, below the average telecommunications industry P/E ratio of 16.7 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Plantronics as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Plantronics Ratings Report.

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