NEW YORK ( TheStreet) -- Ness Technologies (Nasdaq: NSTC) hit a new 52-week high Wednesday as it is currently trading at $7.64, above its previous 52-week high of $7.63 with 318,367 shares traded as of 11:37 a.m. ET. Average volume has been 626,800 shares over the past 30 days.

Ness has a market cap of $290.3 million and is part of the technology sector and computer software & services industry. Shares are up 28.1% year to date as of the close of trading on Tuesday.

Ness Technologies, Inc. provides information technology and business planning services in North America, Latin America, Europe, the Middle East, and Asia. The company has a P/E ratio of 24.5, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Ness as a hold. 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 and revenue growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full Ness Ratings Report.

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