Yelp Reaches New 52-Week High (YELP)

NEW YORK ( TheStreet) -- Yelp (NYSE: YELP) hit a new 52-week high Wednesday as it is currently trading at $40.61, above its previous 52-week high of $40.59 with 691,995 shares traded as of 12:11 p.m. ET. Average volume has been 1.6 million shares over the past 30 days.

Yelp has a market cap of $1.2 billion and is part of the technology sector and internet industry. Shares are up 106.7% year to date as of the close of trading on Tuesday.

Yelp, Inc. operates Yelp.com, an online urban city guide that helps people find places to eat, shop, drink, relax, and play based on the informed opinions of a community of locals in the know.

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TheStreet Ratings rates Yelp 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 find that the growth in the company's earnings per share has not been good. You can view the full Yelp Ratings Report.

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