Amazon.com Reaches New 52-Week High (AMZN)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK ( TheStreet) -- Amazon.com (Nasdaq: AMZN) hit a new 52-week high Friday as it is currently trading at $262.12, above its previous 52-week high of $262 with 2.1 million shares traded as of 12:45 p.m. ET. Average volume has been 3.1 million shares over the past 30 days.

Amazon.com has a market cap of $115.56 billion and is part of the services sector and retail industry. Shares are up 50.3% year to date as of the close of trading on Thursday.

Amazon.com, Inc. operates as an online retailer in North America and internationally. It operates retail Websites, such as amazon.com and amazon.ca. The company serves consumers through its retail Websites and focuses on selection, price, and convenience. The company has a P/E ratio of 311.7, below the average retail industry P/E ratio of 315.6 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Amazon.com as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full Amazon.com Ratings Report.

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