Qihoo 360 Technology Stock Hits New 52-Week High (QIHU)
Qihoo 360 Technology (NYSE:QIHU) hit a new 52-week high Thursday as it is currently trading at $40.90, above its previous 52-week high of $40.79 with 1.1 million shares traded as of 11:41 a.m. ET. Average volume has been two million shares over the past 30 days.
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) -- Qihoo 360 Technology (NYSE: QIHU) hit a new 52-week high Thursday as it is currently trading at $40.90, above its previous 52-week high of $40.79 with 1.1 million shares traded as of 11:41 a.m. ET. Average volume has been two million shares over the past 30 days. Qihoo 360 Technology has a market cap of $4.76 billion and is part of the technology sector and internet industry. Shares are up 34.5% year to date as of the close of trading on Wednesday. Qihoo 360 Technology Co. Ltd. provides Internet and mobile security products in the People's Republic of China. The company has a P/E ratio of 102, above the S&P 500 P/E ratio of 17.7.
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
TheStreet Ratings rates Qihoo 360 Technology as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. You can view the full Qihoo 360 Technology Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.