SAIC Reaches New 52-Week High (SAI)

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) -- SAIC (NYSE: SAI) hit a new 52-week high Tuesday as it is currently trading at $15, above its previous 52-week high of $14.99 with 711,122 shares traded as of 10:50 a.m. ET. Average volume has been 3.7 million shares over the past 30 days.

SAIC has a market cap of $5.1 billion and is part of the services sector and diversified services industry. Shares are up 31.8% year to date as of the close of trading on Monday.

SAIC, Inc. provides scientific, engineering, systems integration, and technical services and solutions in the areas of defense, health, energy, infrastructure, intelligence, surveillance, reconnaissance, and cybersecurity to agencies of the U.S. The company has a P/E ratio of 9.7, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates SAIC as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full SAIC Ratings Report.

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