Qihoo 360 Technology Reaches New 52-Week High (QIHU)

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 Wednesday as it is currently trading at $48.50, above its previous 52-week high of $47.81 with 179,302 shares traded as of 9:46 a.m. ET. Average volume has been 1.7 million shares over the past 30 days.

Qihoo 360 Technology has a market cap of $5.83 billion and is part of the technology sector and internet industry. Shares are up 58.6% year to date as of the close of trading on Tuesday.

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 124.9, above the S&P 500 P/E ratio of 17.7.

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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 solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and premium valuation. You can view the full Qihoo 360 Technology Ratings Report.

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