Qihoo 360 Technology Stock Hits New 52-Week High (QIHU)

NEW YORK ( TheStreet) -- Qihoo 360 Technology (NYSE: QIHU) hit a new 52-week high Monday as it is currently trading at $54.95, above its previous 52-week high of $54.08 with 926,296 shares traded as of 10:11 a.m. ET. Average volume has been two million shares over the past 30 days.

Qihoo 360 Technology has a market cap of $6.45 billion and is part of the technology sector and internet industry. Shares are up 77% year to date as of the close of trading on Friday.

Qihoo 360 Technology Co. Ltd. provides Internet and mobile security products in the People's Republic of China.

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TheStreet Ratings rates Qihoo 360 Technology as a hold. 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 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 premium valuation. You can view the full Qihoo 360 Technology Ratings Report.

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