NIC Stock Hits New 52-Week High (EGOV)

NEW YORK ( TheStreet) -- NIC (Nasdaq: EGOV) hit a new 52-week high Monday as it traded at $11.84 compared with its previous 52-Week high of $11.80. NIC is changing hands at $11.84 with 977 shares traded as of 9:30 a.m. ET. Average volume has been 272,300 shares over the past 30 days.

NIC has a market cap of $745.3 million and is part of the technology sector and internet industry. Shares are up 21.1% year to date as of the close of trading on Friday.

NIC Inc. provides eGovernment services that enable governments use the Internet to provide various services to businesses and citizens in the United States. It operates in two segments, Portal Outsourcing, and Software and Services. The company has a P/E ratio of 41.8, equal to the average internet industry P/E ratio and above the S&P 500 P/E ratio of 16.2.
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TheStreet Ratings rates NIC as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full NIC Ratings Report.

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