Seagate Technology Reaches New 52-Week High (STX)

NEW YORK ( TheStreet) -- Seagate Technology (Nasdaq: STX) hit a new 52-week high Monday as it is currently trading at $28.66, above its previous 52-week high of $28.63 with 3.1 million shares traded as of 9:40 a.m. ET. Average volume has been 11.9 million shares over the past 30 days.

Seagate Technology has a market cap of $11.9 billion and is part of the technology sector and computer hardware industry. Shares are up 67% year to date as of the close of trading on Friday.

Seagate Technology Public Limited Company designs, manufactures, markets, and sells hard disk drives for enterprise, client compute, and client non-compute market applications worldwide. The company has a P/E ratio of 12.9, above the average computer hardware industry P/E ratio of 12.8 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Seagate Technology as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, revenue growth, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Seagate Technology Ratings Report.

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