NEW YORK ( TheStreet) -- Seagate Technology (Nasdaq: STX) hit a new 52-week high Tuesday as it is currently trading at $29.60, above its previous 52-week high of $29.59 with 3.8 million shares traded as of 11:50 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 78.8% year to date as of the close of trading on Monday.

Seagate Technology Public Limited Company designs, manufactures, markets, and sells hard disk drives for enterprise, client compute, and client non-compute market applications worldwide.

TheStreet Ratings rates Seagate Technology as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, notable return on equity, attractive valuation levels and compelling growth in net income. 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 Seagate Technology Ratings Report.

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