NEW YORK (

TheStreet

) --

Manhattan Associates

(Nasdaq:

MANH

) hit a new 52-week high Thursday as it traded at $32.49 compared with its previous 52-Week high of $32.48. Manhattan Associates is changing hands at $32.41 with 12,607 shares traded as of 10:40 a.m. ET. Average volume has been 133,500 shares over the past 30 days.

Manhattan Associates has a market cap of $696.8 million and is part of the

technology

sector and

computer software & services

industry. Shares are up 6.1% year to date as of the close of trading on Wednesday.

Manhattan Associates, Inc. develops and provides supply chain software solutions for the planning and execution of supply chain activities. The company offers Manhattan SCOPE and Manhattan SCALE, which are platform-based supply chain software solutions. The company has a P/E ratio of 25.5, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 16.2.

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TheStreet Ratings rates Manhattan Associates 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, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

Manhattan Associates Ratings Report

.

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