Intuit Stock Hits New 52-Week High (INTU)

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) -- Intuit (Nasdaq: INTU) hit a new 52-week high Tuesday as it is currently trading at $62.88, above its previous 52-week high of $62.86 with 298,863 shares traded as of 10:50 a.m. ET. Average volume has been 1.6 million shares over the past 30 days.

Intuit has a market cap of $18.54 billion and is part of the technology sector and computer software & services industry. Shares are up 5.3% year to date as of the close of trading on Monday.

Intuit Inc. provides business and financial management solutions for small businesses, consumers, accounting professionals, and financial institutions primarily in the United States, Canada, the United Kingdom, India, and Singapore. The company has a P/E ratio of 24.7, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Intuit as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, compelling growth in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Intuit Ratings Report.

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