Activision Blizzard Reaches New 52-Week High (ATVI)

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) -- Activision Blizzard (Nasdaq: ATVI) hit a new 52-week high Wednesday as it is currently trading at $15.61, above its previous 52-week high of $15.40 with 3.1 million shares traded as of 10:56 a.m. ET. Average volume has been 6.9 million shares over the past 30 days.

Activision Blizzard has a market cap of $16.41 billion and is part of the technology sector and computer software & services industry. Shares are up 38.2% year to date as of the close of trading on Tuesday.

Activision Blizzard, Inc. publishes online, personal computer (PC), console, handheld, and mobile interactive entertainment products worldwide. It operates in three segments: Activision, Blizzard, and Distribution. The company has a P/E ratio of 13.1, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Activision Blizzard as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, increase in stock price during the past year and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Activision Blizzard Ratings Report.

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