Google Reaches New 52-Week High (GOOG)

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) -- Google (Nasdaq: GOOG) hit a new 52-week high Friday as it is currently trading at $844.82, above its previous 52-week high of $844 with one million shares traded as of 11:01 a.m. ET. Average volume has been 2.3 million shares over the past 30 days.

Google has a market cap of $222.44 billion and is part of the technology sector and internet industry. Shares are up 16% year to date as of the close of trading on Thursday.

Google Inc., a technology company, builds products and provides services to organize the information and make it universally accessible and useful. The company has a P/E ratio of 26.2, above the S&P 500 P/E ratio of 17.7.

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

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