Opentable Reaches New 52-Week High (OPEN)

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) -- Opentable (Nasdaq: OPEN) hit a new 52-week high Monday as it is currently trading at $65.15, above its previous 52-week high of $65 with 76,577 shares traded as of 10:06 a.m. ET. Average volume has been 685,600 shares over the past 30 days.

Opentable has a market cap of $1.42 billion and is part of the technology sector and internet industry. Shares are up 27.4% year to date as of the close of trading on Friday.

OpenTable, Inc. provides restaurant reservation solutions primarily in the United States, Canada, Germany, Japan, Mexico, and the United Kingdom. It offers solutions that form an online network connecting reservation-taking restaurants and people who dine at those restaurants. The company has a P/E ratio of 55.5, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Opentable as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Opentable Ratings Report.

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