International Business Machines Reaches New 52-Week High

International Business Machines (NYSE:IBM) hit a new 52-week high Tuesday as it is currently trading at $180.05, above its previous 52-week high of $177.77 with 1.5 million shares traded as of 9:36 a.m. ET. Average volume has been 5.2 million shares over the past 30 days.

International Business Machines has a market cap of $212.6 billion and is part of the technology sector and computer hardware industry. Shares are up 18.6% year to date as of the close of trading on Monday.

International Business Machines Corporation (IBM) provides information technology (IT) products and services worldwide. The company has a P/E ratio of 14.8, equal to the average computer hardware industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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- Posted: 2011-07-19 10:04:55

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