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NEW YORK (

TheStreet

) --

Monotype Imaging Holdings

(Nasdaq:

TYPE

) hit a new 52-week high Friday as it traded at $14 compared with its previous 52-Week high of $13.98. Monotype Imaging is changing hands at $13.99 with 155,378 shares traded as of 1:34 p.m. ET. Average volume has been 181,000 shares over the past 30 days. Monotype Imaging has a market cap of $405.6 million and is part of the

technology

sector and

computer software & services

TheStreet Recommends

industry. Shares are up 4.4% year to date as of the close of trading on Thursday.

Monotype Imaging Holdings Inc., through its subsidiaries, provides text imaging solutions worldwide. The company involves in developing, marketing, and licensing technologies and fonts for displaying and printing digital text. The company has a P/E ratio of 24.8, below the average computer software & services industry P/E ratio of 26.3 and above the S&P 500 P/E ratio of 23.4.

TheStreet Ratings rates Monotype Imaging as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, reasonable valuation levels, compelling growth in net income and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full

Monotype Imaging Ratings Report

.

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