NEW YORK ( TheStreet) -- NetEase (Nasdaq: NTES) hit a new 52-week high Thursday as it is currently trading at $60.86, above its previous 52-week high of $60.50 with 255,611 shares traded as of 9:45 a.m. ET. Average volume has been 665,600 shares over the past 30 days.

NetEase has a market cap of $7.56 billion and is part of the technology sector and internet industry. Shares are up 33% year to date as of the close of trading on Wednesday.

NetEase, 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 19.8, above the average internet industry P/E ratio of 14.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates NetEase 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 the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full NetEase Ratings Report.

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