Yahoo Reaches New 52-Week High (YHOO)

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) -- Yahoo (Nasdaq: YHOO) hit a new 52-week high Thursday as it is currently trading at $21.49, above its previous 52-week high of $21.45 with eight million shares traded as of 11:46 a.m. ET. Average volume has been 20.7 million shares over the past 30 days.

Yahoo has a market cap of $24.55 billion and is part of the technology sector and internet industry. Shares are up 6.3% year to date as of the close of trading on Wednesday.

Yahoo! Inc., together with its subsidiaries, operates as a digital media company that delivers personalized digital content and experiences worldwide. The company has a P/E ratio of 17.7, equal to the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Yahoo as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, reasonable valuation levels, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Yahoo Ratings Report.

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