NEW YORK ( TheStreet) -- Micros Systems (Nasdaq: MCRS) hit a new 52-week high Thursday as it traded at $48.84 compared with its previous 52-Week high of $48.73. Micros Systems is changing hands at $48.80 with 35,456 shares traded as of 10:16 a.m. ET. Average volume has been 352,700 shares over the past 30 days.

Micros Systems has a market cap of $3.8 billion and is part of the technology sector and computer software & services industry. Shares are up 8.4% year to date as of the close of trading on Wednesday.

MICROS Systems, Inc. designs, manufactures, markets, and services enterprise information solutions for the hospitality and specialty retail industries. The company has a P/E ratio of 30, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 21.5.

TheStreet Ratings rates Micros Systems as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and reasonable valuation levels. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Micros Systems Ratings Report.

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