SAIC Reaches New 52-Week High (SAI)

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) -- SAIC (NYSE: SAI) hit a new 52-week high Wednesday as it is currently trading at $13.64, above its previous 52-week high of $13.56 with 1.4 million shares traded as of 9:46 a.m. ET. Average volume has been 3.1 million shares over the past 30 days.

SAIC has a market cap of $4.41 billion and is part of the services sector and diversified services industry. Shares are up 13.3% year to date as of the close of trading on Tuesday.

SAIC, Inc. provides scientific, engineering, systems integration, and technical services and solutions to agencies of the U.S. Department of Defense, the intelligence community, the U.S. Department of Homeland Security, other U.S. The company has a P/E ratio of 23.4, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates SAIC as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full SAIC Ratings Report.

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