Earthlink Stock Hits New 52-Week High (ELNK)

NEW YORK ( TheStreet) -- Earthlink (Nasdaq: ELNK) hit a new 52-week high Wednesday as it is currently trading at $8.46, above its previous 52-week high of $8.44 with 224,204 shares traded as of 11:19 a.m. ET. Average volume has been 823,100 shares over the past 30 days.

Earthlink has a market cap of $887.9 million and is part of the technology sector and internet industry. Shares are up 29.8% year to date as of the close of trading on Tuesday.

EarthLink, Inc., together with its subsidiaries, provides network, communications, and IT services to business and residential customers in the United States. The company operates in two reportable segments, Business Services and Consumer Services. The company has a P/E ratio of 20.9, below the average internet industry P/E ratio of 34.8 and above the S&P 500 P/E ratio of 17.7.

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

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