Spreadtrum Communications (Nasdaq:SPRD) hit a new 52-week high Thursday as it is currently trading at $26.33, above its previous 52-week high of $23.20 with 51,018 shares traded as of 10 a.m. ET. Average volume has been 1.3 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) -- Spreadtrum Communications (Nasdaq: SPRD) hit a new 52-week high Thursday as it is currently trading at $26.33, above its previous 52-week high of $23.20 with 51,018 shares traded as of 10 a.m. ET. Average volume has been 1.3 million shares over the past 30 days. Spreadtrum has a market cap of $1.25 billion and is part of the technology sector and electronics industry. Shares are up 48.4% year to date as of the close of trading on Wednesday. Spreadtrum Communications, Inc., a fabless semiconductor company, engages in the design, development, and marketing of mobile chipset platforms for smartphones, feature phones, and other consumer electronics products in Hong Kong, Mailand China, and others. The company has a P/E ratio of 15.4, below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Spreadtrum as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Spreadtrum Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. 3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more..