Arris Group Stock Hits New 52-Week High (ARRS)

NEW YORK ( TheStreet) -- Arris Group (Nasdaq: ARRS) hit a new 52-week high Friday as it is currently trading at $12.93, above its previous 52-week high of $12.90 with 1.1 million shares traded as of 1:54 p.m. ET. Average volume has been 763,900 shares over the past 30 days.

Arris Group has a market cap of $1.35 billion and is part of the technology sector and telecommunications industry. Shares are up 16.5% year to date as of the close of trading on Thursday.

Arris Group, Inc. develops, manufactures, and supplies telephony, data, video, construction, rebuild, and maintenance equipment for the broadband communications industry worldwide.

TheStreet Ratings rates Arris Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full Arris Group Ratings Report.

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