Yahoo Reaches New 52-Week High (YHOO)

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) -- Yahoo (Nasdaq: YHOO) hit a new 52-week high Friday as it is currently trading at $19.64, above its previous 52-week high of $19.63 with 16.1 million shares traded as of 3:41 p.m. ET. Average volume has been 24.6 million shares over the past 30 days.

Yahoo has a market cap of $22.92 billion and is part of the technology sector and internet industry. Shares are up 20.1% year to date as of the close of trading on Thursday.

Yahoo! Inc., together with its subsidiaries, operates as a digital media company that delivers personalized digital content and experiences worldwide. The company has a P/E ratio of 5.9, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Yahoo as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, notable return on equity, attractive valuation levels and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Yahoo Ratings Report.

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