Cray Stock Hits New 52-Week High (CRAY)

NEW YORK ( TheStreet) -- Cray (Nasdaq: CRAY) hit a new 52-week high Monday as it is currently trading at $11.82, above its previous 52-week high of $11.50 with 91,746 shares traded as of 9:59 a.m. ET. Average volume has been 396,100 shares over the past 30 days.

Cray has a market cap of $410.7 million and is part of the technology sector and computer hardware industry. Shares are up 69.9% year to date as of the close of trading on Friday.

Cray Inc., together with its subsidiaries, designs, develops, manufactures, markets, and services high-performance computing (HPC) systems, known as supercomputers. The company has a P/E ratio of 19.5, above the average computer hardware industry P/E ratio of 19.1 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Cray Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

null

More from Markets

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Flashback Friday: The Market Movers

Flashback Friday: The Market Movers