NEW YORK (

TheStreet

) --

ANSYS

(Nasdaq:

ANSS

) hit a new 52-week high Wednesday as it is currently trading at $61.12, above its previous 52-week high of $60.83 with 71,960 shares traded as of 10:25 a.m. ET. Average volume has been 458,900 shares over the past 30 days.

ANSYS has a market cap of $5.39 billion and is part of the

technology

sector and

computer software & services

industry. Shares are up 13.1% year to date as of the close of trading on Tuesday.

ANSYS, Inc. engages in the development and marketing of engineering simulation software and services used by engineers and designers in aerospace, automotive, manufacturing, electronics, biomedical, energy, and defense industries. The company has a P/E ratio of 30.2, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

  • Sign up for TheStreet's FREE Dividend and Income Investor Newsletter

TheStreet Ratings rates ANSYS as a

buy

. 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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

ANSYS Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

null