Opentable Reaches New 52-Week High (OPEN)

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) -- Opentable (Nasdaq: OPEN) hit a new 52-week high Tuesday as it is currently trading at $63.52, above its previous 52-week high of $63.10 with 198,915 shares traded as of 10:06 a.m. ET. Average volume has been 608,700 shares over the past 30 days.

Opentable has a market cap of $1.41 billion and is part of the technology sector and internet industry. Shares are up 25.7% year to date as of the close of trading on Monday.

OpenTable, Inc. provides restaurant reservation solutions primarily in the United States, Canada, Germany, Japan, Mexico, and the United Kingdom. It offers solutions that form an online network connecting reservation-taking restaurants and people who dine at those restaurants. The company has a P/E ratio of 59.5, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Opentable as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Opentable Ratings Report.

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