NEW YORK (

TheStreet

) --

Concur Technologies

(Nasdaq:

CNQR

) hit a new 52-week low Thursday as it is currently trading at $43.59, below its previous 52-week low of $43.79 with 555,906 shares traded as of 10:33 a.m. ET. Average volume has been 492,800 shares over the past 30 days.

Concur has a market cap of $2.6 billion and is part of the

technology

sector and

computer software & services

industry. Shares are down 11.3% year to date as of the close of trading on Wednesday.

Concur Technologies, Inc. provides on-demand employee spend management solutions worldwide. The company has a P/E ratio of 297.2, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Concur as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full

Concur Ratings Report

.

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