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) -- Adobe Systems (Nasdaq: ADBE) hit a new 52-week high Wednesday as it is currently trading at $39.46, above its previous 52-week high of $39.45 with 1.7 million shares traded as of 12:26 p.m. ET. Average volume has been 4.1 million shares over the past 30 days. Adobe Systems has a market cap of $19.01 billion and is part of the technology sector and computer software & services industry. Shares are up 1.1% year to date as of the close of trading on Tuesday. Adobe Systems Incorporated operates as a diversified software company worldwide. It offers a line of software and services used by creative professionals, marketers, knowledge workers, application developers, enterprises, and consumers. The company has a P/E ratio of 23, above the S&P 500 P/E ratio of 17.7.
- EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.