GameStop Reaches New 52-Week High (GME)

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) -- GameStop (NYSE: GME) hit a new 52-week high Thursday as it is currently trading at $28.49, above its previous 52-week high of $28.35 with 5.6 million shares traded as of 1:41 p.m. ET. Average volume has been 3.2 million shares over the past 30 days.

GameStop has a market cap of $3.19 billion and is part of the services sector and retail industry. Shares are up 5.4% year to date as of the close of trading on Wednesday.

GameStop Corp. operates as a video game retailer.

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TheStreet Ratings rates GameStop as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. 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 GameStop Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

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