NEW YORK ( TheStreet) -- Forrester Research (Nasdaq: FORR) hit a new 52-week high Thursday as it is currently trading at $38.76, above its previous 52-week high of $38.75 with 17,854 shares traded as of 2:17 p.m. ET. Average volume has been 65,500 shares over the past 30 days. Forrester Research has a market cap of $863.1 million and is part of the services sector and diversified services industry. Shares are up 8.8% 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 42.8, equal to the average diversified services industry P/E ratio and above the S&P 500 P/E ratio of 16.9.
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TheStreet Ratings rates Forrester Research 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, expanding profit margins, solid stock price performance and notable return on equity. 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. See all 52-week high stocks or get investment ideas from our investment research center.