NEW YORK ( TheStreet) -- Forrester Research (Nasdaq: FORR) hit a new 52-week high Thursday as it traded at $37.54 compared with its previous 52-Week high of $37.50. Forrester Research is changing hands at $37.48 with 50,462 shares traded as of 12:11 p.m. ET. Average volume has been 73,700 shares over the past 30 days.

Forrester Research has a market cap of $811.8 million and is part of the services sector and diversified services industry. Shares are up 3% year to date as of the close of trading on Wednesday.

Forrester Research, Inc., an independent research company, provides pragmatic and forward-thinking advice to business and technology customers worldwide. It offers its products and services to senior management, business strategists, and marketing and information technology professionals. The company has a P/E ratio of 40.7, equal to the average diversified services industry P/E ratio and above the S&P 500 P/E ratio of 21.5.

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

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