Netflix Stock Hits New 52-Week High (NFLX)

NEW YORK ( TheStreet) -- Netflix (Nasdaq: NFLX) hit a new 52-week high Monday as it is currently trading at $259.80, above its previous 52-week high of $257.43 with 97,209 shares traded as of 9:30 a.m. ET. Average volume has been 3.7 million shares over the past 30 days.

Netflix has a market cap of $13.71 billion and is part of the services sector and specialty retail industry. Shares are up 163.7% year to date as of the close of trading on Friday.

Netflix, Inc. provides Internet television network service that enables subscribers to stream TV shows and movies directly on TVs, computers, and mobile devices in the United States and internationally.

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TheStreet Ratings rates Netflix as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and generally higher debt management risk. You can view the full Netflix Ratings Report.

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