NEW YORK ( TheStreet) -- MarketAxess Holdings (Nasdaq: MKTX) hit a new 52-week high Monday as it traded at $22.48 compared with its previous 52-Week high of $22.44. MarketAxess is changing hands at $22.48 with 180,761 shares traded as of four p.m. ET. Average volume has been 117,000 shares over the past 30 days.

MarketAxess has a market cap of $655.2 million and is part of the financial sector and financial services industry. Shares are up 5.8% year to date as of the close of trading on Friday.

MarketAxess Holdings Inc., through its subsidiaries, operates an electronic trading platform that allows investment industry professionals to trade corporate bonds and other types of fixed-income instruments. The company has a P/E ratio of 26.3, equal to the average financial services industry P/E ratio and above the S&P 500 P/E ratio of 15.8.
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TheStreet Ratings rates MarketAxess as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full MarketAxess Ratings Report.

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