Cray Reaches New 52-Week High (CRAY)

NEW YORK ( TheStreet) -- Cray (Nasdaq: CRAY) hit a new 52-week high Wednesday as it is currently trading at $11.44, above its previous 52-week high of $11.42 with 799,116 shares traded as of 3:40 p.m. ET. Average volume has been 333,600 shares over the past 30 days.

Cray has a market cap of $412.9 million and is part of the technology sector and computer hardware industry. Shares are up 69.7% year to date as of the close of trading on Tuesday.

Cray Inc. engages in the design, development, manufacture, marketing, and service of high-performance computing (HPC) systems, known as supercomputers. The company has a P/E ratio of 19.6, above the average computer hardware industry P/E ratio of 19.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Cray as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Cray Ratings Report.

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