NEW YORK (

TheStreet

) --

Sap

(NYSE:

SAP

) hit a new 52-week high Monday as it traded at $61.23 compared with its previous 52-Week high of $60.68. Sap is changing hands at $61.22 with 34,349 shares traded as of 9:32 a.m. ET. Average volume has been 1.4 million shares over the past 30 days.

Sap has a market cap of $70.4 billion and is part of the

technology

sector and

computer software & services

industry. Shares are up 17.9% year to date as of the close of trading on Friday.

SAP AG provides business software primarily in Europe, the Middle East, Africa, the Americas, and the Asia Pacific Japan region. The company has a P/E ratio of 26.3, below the average computer software & services industry P/E ratio of 28.9 and above the S&P 500 P/E ratio of 22.6.

TheStreet Ratings rates Sap as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Sap Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

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