International Business Machines Reaches New 52-Week High (IBM)
International Business Machines (NYSE:IBM) hit a new 52-week high Monday as it is currently trading at $211.12, above its previous 52-week high of $210.69 with 1.7 million shares traded as of 10:40 a.m. ET. Average volume has been 3.6 million shares over the past 30 days.
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) -- International Business Machines (NYSE: IBM) hit a new 52-week high Monday as it is currently trading at $211.12, above its previous 52-week high of $210.69 with 1.7 million shares traded as of 10:40 a.m. ET. Average volume has been 3.6 million shares over the past 30 days. International Business Machines has a market cap of $235.31 billion and is part of the technology sector and computer hardware industry. Shares are up 12.8% year to date as of the close of trading on Friday. International Business Machines Corporation provides information technology (IT) products and services worldwide. The company operates in five segments: Global Technology Services, Global Business Services, Software, Systems and Technology, and Global Financing. The company has a P/E ratio of 15, equal to the average computer hardware industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates International Business Machines as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, notable return on equity, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full International Business Machines Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.