Iron Mountain Reaches New 52-Week High (IRM)

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) -- Iron Mountain (NYSE: IRM) hit a new 52-week high Friday as it is currently trading at $33.84, above its previous 52-week high of $33.81 with 1.6 million shares traded as of 4 p.m. ET. Average volume has been 1.1 million shares over the past 30 days.

Iron Mountain has a market cap of $5.78 billion and is part of the technology sector and computer software & services industry. Shares are up 9.3% year to date as of the close of trading on Thursday.

Iron Mountain Incorporated, together with its subsidiaries, provides information management services primarily in North America, Europe, Latin America, and the Asia Pacific. The company has a P/E ratio of 24.2, below the average computer software & services industry P/E ratio of 35.4 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Iron Mountain as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Iron Mountain Ratings Report.

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