Western Digital Corporation (Nasdaq:WDC) hit a new 52-week high Tuesday as it is currently trading at $49.89, above its previous 52-week high of $49.58 with 2.7 million shares traded as of 2:56 p.m. ET. Average volume has been 3.7 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) -- Western Digital Corporation (Nasdaq: WDC) hit a new 52-week high Tuesday as it is currently trading at $49.89, above its previous 52-week high of $49.58 with 2.7 million shares traded as of 2:56 p.m. ET. Average volume has been 3.7 million shares over the past 30 days. Western Digital has a market cap of $11.47 billion and is part of the technology sector and computer hardware industry. Shares are up 13% year to date as of the close of trading on Monday. Western Digital Corporation, through its subsidiaries, engages in the development, manufacture, and sale of storage products that enable people to create, manage, experience, and preserve digital content. The company principally offers hard drives comprising 3.5-inch and 2.5-inch form factors. The company has a P/E ratio of 5.7, below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Western Digital 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, impressive record of earnings per share growth and compelling growth 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 Western Digital 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.