Iron Mountain (NYSE:IRM) hit a new 52-week high Thursday as it is currently trading at $37.71, above its previous 52-week high of $37.70 with 657,093 shares traded as of 2:45 p.m. ET. Average volume has been 1.1 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) -- Iron Mountain (NYSE: IRM) hit a new 52-week high Thursday as it is currently trading at $37.71, above its previous 52-week high of $37.70 with 657,093 shares traded as of 2:45 p.m. ET. Average volume has been 1.1 million shares over the past 30 days. Iron Mountain has a market cap of $6.94 billion and is part of the technology sector and computer software & services industry. Shares are up 19.7% year to date as of the close of trading on Wednesday. Iron Mountain Incorporated, together with its subsidiaries, provides information management services primarily in North America, Europe, Latin America, and the Asia Pacific. The company has a P/E ratio of 44, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Iron Mountain as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Iron Mountain 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.