Google Reaches New 52-Week High (GOOG)

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) -- Google (Nasdaq: GOOG) hit a new 52-week high Tuesday as it is currently trading at $787.77, above its previous 52-week high of $786.67 with 425,225 shares traded as of 10:01 a.m. ET. Average volume has been 2.3 million shares over the past 30 days.

Google has a market cap of $210.09 billion and is part of the technology sector and internet industry. Shares are up 11% year to date as of the close of trading on Monday.

Google Inc., a technology company, maintains an index of Web sites and other online content for users, advertisers, and Google network members and other content providers. The company has a P/E ratio of 24.2, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Google as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, growth in earnings per share and increase in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Google Ratings Report.

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