Nuance Stock Hits New 52-Week High (NUAN)
NEW YORK (
) --
(Nasdaq:
) hit a new 52-week high Friday as it is currently trading at $29.79, above its previous 52-week high of $29.78 with 971,775 shares traded as of 10:20 a.m. ET. Average volume has been 4.1 million shares over the past 30 days.
Nuance has a market cap of $8.42 billion and is part of the
sector and
industry. Shares are up 15% year to date as of the close of trading on Thursday.
Nuance Communications, Inc. provides voice and language solutions for businesses and consumers worldwide. The company has a P/E ratio of 244.9, above the average computer software & services industry P/E ratio of 233.3 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Nuance as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full
.
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