NEW YORK (

TheStreet

) --

MarketAxess Holdings

(Nasdaq:

MKTX

) hit a new 52-week high Monday as it is currently trading at $30.32, above its previous 52-week high of $30.25 with 48,584 shares traded as of 10:10 a.m. ET. Average volume has been 240,400 shares over the past 30 days.

MarketAxess has a market cap of $1 billion and is part of the

financial

sector and

financial services

industry. Shares are up 42.6% year to date as of the close of trading on Friday.

MarketAxess Holdings Inc. operates an electronic trading platform that enables investment industry professionals to trade corporate bonds and other types of fixed-income instruments. The company has a P/E ratio of 27.7, below the average financial services industry P/E ratio of 28 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates MarketAxess 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, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full

MarketAxess Ratings Report

.

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