Yahoo Reaches New 52-Week High (YHOO)

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) -- Yahoo (Nasdaq: YHOO) hit a new 52-week high Wednesday as it is currently trading at $27.04, above its previous 52-week high of $26.87 with 4.5 million shares traded as of 10:21 a.m. ET. Average volume has been 17.5 million shares over the past 30 days.

Yahoo has a market cap of $28.57 billion and is part of the technology sector and internet industry. Shares are up 32.6% year to date as of the close of trading on Tuesday.

Yahoo! Inc., a technology company, provides search, content, and communication tools on the Web and on mobile devices worldwide. The company has a P/E ratio of 7.8, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Yahoo 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, notable return on equity, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Yahoo Ratings Report.

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