Micron Technology Stock Hits New 52-Week High (MU)

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) -- Micron Technology (Nasdaq: MU) hit a new 52-week high Friday as it is currently trading at $9.95, above its previous 52-week high of $9.75 with 10.4 million shares traded as of 9:36 a.m. ET. Average volume has been 27.8 million shares over the past 30 days.

Micron Technology has a market cap of $9.51 billion and is part of the technology sector and electronics industry. Shares are up 43.1% year to date as of the close of trading on Thursday.

Micron Technology, Inc., together with its subsidiaries, engages in the manufacture and marketing of semiconductor devices worldwide.

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TheStreet Ratings rates Micron Technology as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full Micron Technology Ratings Report.

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