STEC hit a new 52-week high Monday as it traded at $24.99 compared with its previous 52-Week high of $24.38. STEC is changing hands at $24.80 with 376,465 shares traded as of 9:31 a.m. ET. Average volume has been 1.8 million shares over the past 30 days. STEC has a market cap of $1.2 billion and is part of the technology sector and computer hardware industry. Shares are up 34.8% year to date as of the close of trading on Friday.

STEC, Inc. designs, manufactures, and markets enterprise-class flash solid-state drives (SSDs) for use in high-performance storage and server systems. The company has a P/E ratio of 34.5, above the average computer hardware industry P/E ratio of 33.6 and above the S&P 500 P/E ratio of 23.5.

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