DISH Network Stock Hits New 52-Week High (DISH)

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) -- DISH Network (Nasdaq: DISH) hit a new 52-week high Tuesday as it is currently trading at $40.86, above its previous 52-week high of $40.81 with 1.4 million shares traded as of 2:15 p.m. ET. Average volume has been 3.2 million shares over the past 30 days.

DISH Network has a market cap of $8.53 billion and is part of the services sector and media industry. Shares are up 9% year to date as of the close of trading on Monday.

DISH Network Corporation, together with its subsidiaries, offers direct broadcast satellite subscription television services in the United States. The company has a P/E ratio of 28.1, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates DISH Network as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full DISH Network Ratings Report.

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