NEW YORK (

TheStreet

) --

Concur Technologies

(Nasdaq:

CNQR

) hit a new 52-week high Thursday as it is currently trading at $56.98, above its previous 52-week high of $56.93 with 217,390 shares traded as of 2:58 p.m. ET. Average volume has been 484,800 shares over the past 30 days.

Concur has a market cap of $3 billion and is part of the

technology

sector and

computer software & services

industry. Shares are up 9% year to date as of the close of trading on Wednesday.

TheStreet Recommends

Concur Technologies, Inc. provides on-demand employee spend management solutions worldwide. The company has a P/E ratio of 169.9, above the average computer software & services industry P/E ratio of 164.9 and above the S&P 500 P/E ratio of 16.9.

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TheStreet Ratings rates Concur as a

buy

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

Concur Ratings Report

.

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