Activision Blizzard Reaches New 52-Week High (ATVI)
Activision Blizzard (Nasdaq:ATVI) hit a new 52-week high Thursday as it is currently trading at $14, above its previous 52-week high of $13.94 with 5.6 million shares traded as of 10:46 a.m. ET. Average volume has been 8.9 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) -- Activision Blizzard (Nasdaq: ATVI) hit a new 52-week high Thursday as it is currently trading at $14, above its previous 52-week high of $13.94 with 5.6 million shares traded as of 10:46 a.m. ET. Average volume has been 8.9 million shares over the past 30 days. Activision Blizzard has a market cap of $15.03 billion and is part of the technology sector and computer software & services industry. Shares are up 27.2% year to date as of the close of trading on Wednesday. Activision Blizzard, Inc. publishes online, personal computer (PC), console, handheld, and mobile interactive entertainment worldwide. It develops and publishes PC-based computer games and maintains its proprietary online-game related service, Battle.net. The company has a P/E ratio of 13.4, below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Activision Blizzard as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Activision Blizzard Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.