GameStop Stock Hits New 52-Week High (GME)

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) -- GameStop (NYSE: GME) hit a new 52-week high Tuesday as it is currently trading at $38.63, above its previous 52-week high of $38.61 with 18,354 shares traded as of 9:31 a.m. ET. Average volume has been 2.9 million shares over the past 30 days.

GameStop has a market cap of $4.52 billion and is part of the services sector and retail industry. Shares are up 53% year to date as of the close of trading on Monday.

GameStop Corp. operates as a video game retailer.

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TheStreet Ratings rates GameStop as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full GameStop Ratings Report.

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