Baidu Reaches New 52-Week High (BIDU)

NEW YORK ( TheStreet) -- Baidu (Nasdaq: BIDU) hit a new 52-week high Friday as it is currently trading at $135.95, above its previous 52-week high of $135 with 2.7 million shares traded as of 12:11 p.m. ET. Average volume has been 4.5 million shares over the past 30 days.

Baidu has a market cap of $46.28 billion and is part of the technology sector and internet industry. Shares are up 31.9% year to date as of the close of trading on Thursday.

Baidu, Inc. provides Internet search services.

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TheStreet Ratings rates Baidu as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Baidu Ratings Report.

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