NEW YORK ( TheStreet) -- Syntel (Nasdaq: SYNT) hit a new 52-week high Thursday as it is currently trading at $62.79, above its previous 52-week high of $62.03 with 174,902 shares traded as of 11:08 a.m. ET. Average volume has been 129,400 shares over the past 30 days. Syntel has a market cap of $2.31 billion and is part of the technology sector and computer software & services industry. Shares are up 15.1% year to date as of the close of trading on Wednesday. Syntel, Inc. provides information technology (IT) and knowledge process outsourcing (KPO) services worldwide. It operates in four segments: Applications Outsourcing, KPO, e-Business, and TeamSourcing. The company has a P/E ratio of 18.1, below the average computer software & services industry P/E ratio of 18.8 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Syntel 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, expanding profit margins, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Syntel Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.