Staples Stock Hits New 52-Week High (SPLS)

NEW YORK ( TheStreet) -- Staples (Nasdaq: SPLS) hit a new 52-week high Thursday as it is currently trading at $16.64, above its previous 52-week high of $16.63 with 2.3 million shares traded as of 12 p.m. ET. Average volume has been 8.7 million shares over the past 30 days.

Staples has a market cap of $10.83 billion and is part of the services sector and specialty retail industry. Shares are up 43.5% year to date as of the close of trading on Wednesday.

Staples, Inc., together with its subsidiaries, operates as an office products company. It operates in three segments: North American Stores & Online, North American Commercial, and International Operations.

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TheStreet Ratings rates Staples as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, 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 poor profit margins. You can view the full Staples Ratings Report.

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