SanDisk Reaches New 52-Week High (SNDK)

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) -- SanDisk (Nasdaq: SNDK) hit a new 52-week high Friday as it is currently trading at $51.85, above its previous 52-week high of $51.80 with two million shares traded as of 10:16 a.m. ET. Average volume has been 4.3 million shares over the past 30 days.

SanDisk has a market cap of $12.01 billion and is part of the technology sector and computer hardware industry. Shares are up 14.2% year to date as of the close of trading on Thursday.

Sandisk Corporation designs, develops, and manufactures NAND flash memory storage solutions that are used in various consumer electronics products. The company has a P/E ratio of 20.9, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates SanDisk as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full SanDisk Ratings Report.

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