Ellie Mae Reaches New 52-Week High (ELLI) - TheStreet

NEW YORK (

TheStreet

) --

Ellie Mae

(NYSE:

ELLI

) hit a new 52-week high Wednesday as it is currently trading at $17.04, above its previous 52-week high of $16.69 with 85,045 shares traded as of 11:03 a.m. ET. Average volume has been 224,500 shares over the past 30 days.

Ellie Mae has a market cap of $339.7 million and is part of the

technology

sector and

computer software & services

industry. Shares are up 178.4% year to date as of the close of trading on Tuesday.

Ellie Mae, Inc., together with its subsidiaries, provides business automation software for the mortgage industry in the United States. The company has a P/E ratio of 28.1, below the average computer software & services industry P/E ratio of 41.4 and above the S&P 500 P/E ratio of 17.7.

  • ACTIVE STOCK TRADERS: Check out TheStreet's special offer for Real Money, headlined by Jim Cramer, now!

TheStreet Ratings rates Ellie Mae as a

hold

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the stock itself is trading at a premium valuation. You can view the full

Ellie Mae Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

null