Cray Stock Hits New 52-Week High (CRAY)

NEW YORK ( TheStreet) -- Cray (Nasdaq: CRAY) hit a new 52-week high Tuesday as it is currently trading at $11.90, above its previous 52-week high of $11.87 with 299,613 shares traded as of 1:40 p.m. ET. Average volume has been 399,500 shares over the past 30 days.

Cray has a market cap of $427.3 million and is part of the technology sector and computer hardware industry. Shares are up 77.9% year to date as of the close of trading on Monday.

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 20.2, above the average computer hardware industry P/E ratio of 19.9 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.

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