Staples (Nasdaq:SPLS) hit a new 52-week high Wednesday as it is currently trading at $15.22, above its previous 52-week high of $15.19 with 6.5 million shares traded as of 11:06 a.m. ET. Average volume has been 9.8 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) -- Staples (Nasdaq: SPLS) hit a new 52-week high Wednesday as it is currently trading at $15.22, above its previous 52-week high of $15.19 with 6.5 million shares traded as of 11:06 a.m. ET. Average volume has been 9.8 million shares over the past 30 days. Staples has a market cap of $9.81 billion and is part of the services sector and specialty retail industry. Shares are up 28.7% year to date as of the close of trading on Tuesday. Staples, Inc., together with its subsidiaries, operates as an office products company. It operates in three segments: North American Stores & Online, North American Commercial, and International Operations.
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TheStreet Ratings rates Staples as a hold. 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 and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full Staples 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.