Cree Stock Hits New 52-Week High (CREE)

NEW YORK ( TheStreet) -- Cree (Nasdaq: CREE) hit a new 52-week high Wednesday as it is currently trading at $69.74, above its previous 52-week high of $69.47 with 226,268 shares traded as of 9:56 a.m. ET. Average volume has been 2.3 million shares over the past 30 days.

Cree has a market cap of $7.92 billion and is part of the technology sector and electronics industry. Shares are up 97.6% year to date as of the close of trading on Tuesday.

Cree, Inc. develops and manufactures lighting-class light emitting diode (LED) products, lighting products, and semiconductor products for power and radio-frequency (RF) applications.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

TheStreet Ratings rates Cree as a buy. 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, compelling growth in net income, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Cree 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..
null

If you liked this article you might like

Market Rally Fades as Dow, S&P 500 and Nasdaq Finish Lower

Wall Street Holds Lower as Consumer, Defense Names Decline

Cree Lights Up for a Breakout

Analysts' Actions -- Arconic, Big Lots, Chipotle, Snap and More