Flextronics International Stock Hits New 52-Week High (FLEX)

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) -- Flextronics International (Nasdaq: FLEX) hit a new 52-week high Tuesday as it is currently trading at $7.16, above its previous 52-week high of $7.15 with 37,303 shares traded as of 9:35 a.m. ET. Average volume has been 4.4 million shares over the past 30 days.

Flextronics International has a market cap of $4.55 billion and is part of the technology sector and electronics industry. Shares are up 11.8% year to date as of the close of trading on Monday.

Flextronics International Ltd. engages in the provision of design and manufacturing services to original equipment manufacturers worldwide. The company has a P/E ratio of 8.3, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Flextronics International as a buy. 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 notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Flextronics International Ratings Report.

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