NIC Reaches New 52-Week High (EGOV)
NEW YORK (TheStreet) -- NIC (Nasdaq:EGOV) hit a new 52-week high Wednesday as it is currently trading at $13.87, above its previous 52-week high of $13.80 with 179,330 shares traded as of 12:35 p.m. ET. Average volume has been 284,000 shares over the past 30 days. NIC has a market cap of $860.3 million and is part of the technology sector and computer software & services industry. Shares are up 38.4% year to date as of the close of trading on Tuesday. NIC Inc. provides eGovernment services that enable governments use the Internet to provide various services to businesses and citizens in the United States. It operates in two segments, Portal Outsourcing, and Software and Services. The company has a P/E ratio of 40.7, above the average computer software & services industry P/E ratio of 39.5 and above the S&P 500 P/E ratio of 17.7.
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