Hewlett-Packard (NYSE:HPQ) hit a new 52-week high Wednesday as it is currently trading at $24.98, above its previous 52-week high of $24.95 with 12 million shares traded as of 1:06 p.m. ET. Average volume has been 23.4 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) -- Hewlett-Packard (NYSE: HPQ) hit a new 52-week high Wednesday as it is currently trading at $24.98, above its previous 52-week high of $24.95 with 12 million shares traded as of 1:06 p.m. ET. Average volume has been 23.4 million shares over the past 30 days. Hewlett-Packard has a market cap of $47.06 billion and is part of the technology sector and computer hardware industry. Shares are up 73% year to date as of the close of trading on Tuesday. Hewlett-Packard Company and its subsidiaries provide products, technologies, software, solutions, and services to individual consumers, small-and medium-sized businesses (SMBs), and large enterprises, including customers in the government, health, and education sectors worldwide.
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TheStreet Ratings rates Hewlett-Packard as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity. You can view the full Hewlett-Packard 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.