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.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

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.

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.

null

More from Markets

Dow Wavers as Gains in Goldman Sachs Offset IBM's Slump

Dow Wavers as Gains in Goldman Sachs Offset IBM's Slump

How to Be a Tactical Investor in the Current Market

How to Be a Tactical Investor in the Current Market

As Canada OKs Pot, Research Advances Could Follow

As Canada OKs Pot, Research Advances Could Follow

Prudential Financial Gains After U.S. Says It's Not Systemically Important

Prudential Financial Gains After U.S. Says It's Not Systemically Important

Retailers Like Target and Amazon Plan Massive Holiday Hiring, Says Report

Retailers Like Target and Amazon Plan Massive Holiday Hiring, Says Report