Seagate Technology Stock Hits New 52-Week High (STX)

NEW YORK ( TheStreet) -- Seagate Technology (Nasdaq: STX) hit a new 52-week high Monday as it is currently trading at $46.15, above its previous 52-week high of $45.93 with 64,483 shares traded as of 9:30 a.m. ET. Average volume has been five million shares over the past 30 days.

Seagate Technology has a market cap of $16.17 billion and is part of the technology sector and computer hardware industry. Shares are up 50.3% year to date as of the close of trading on Friday.

Seagate Technology Public Limited Company designs, manufactures, markets, and sells hard disk drives for enterprise storage, client compute, and client non-compute market applications worldwide.

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TheStreet Ratings rates Seagate Technology as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Seagate Technology Ratings Report.

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Seagate May Continue Higher

Seagate May Continue Higher