Hewlett-Packard Stock Hits New 52-Week High (HPQ)

NEW YORK ( TheStreet) -- Hewlett-Packard (NYSE: HPQ) hit a new 52-week high Wednesday as it is currently trading at $26.22, above its previous 52-week high of $25.87 with 3.9 million shares traded as of 9:36 a.m. ET. Average volume has been 17.8 million shares over the past 30 days.

Hewlett-Packard has a market cap of $48.54 billion and is part of the technology sector and computer hardware industry. Shares are up 78.7% 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 solid stock price performance. 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.

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