General Motors (NYSE:GM) hit a new 52-week high Thursday as it is currently trading at $31.52, above its previous 52-week high of $31.08 with 1.2 million shares traded as of 9:30 a.m. ET. Average volume has been 10.9 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) -- General Motors (NYSE: GM) hit a new 52-week high Thursday as it is currently trading at $31.52, above its previous 52-week high of $31.08 with 1.2 million shares traded as of 9:30 a.m. ET. Average volume has been 10.9 million shares over the past 30 days. General has a market cap of $42.39 billion and is part of the consumer goods sector and automotive industry. Shares are up 4.7% year to date as of the close of trading on Wednesday. General Motors Company (GM) designs, manufactures, and markets cars, crossovers, trucks, and automobile parts worldwide. The company has a P/E ratio of 10.6, below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates General as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, attractive valuation levels and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full General Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.