Manhattan Associates Stock Hits New 52-Week High (MANH)

NEW YORK ( TheStreet) -- Manhattan Associates (Nasdaq: MANH) hit a new 52-week high Wednesday as it is currently trading at $41.05, above its previous 52-week high of $39.70 with 80,070 shares traded as of 10:05 a.m. ET. Average volume has been 129,600 shares over the past 30 days.

Manhattan Associates has a market cap of $776.1 million and is part of the technology sector and computer software & services industry. Shares are up 20.4% year to date as of the close of trading on Tuesday.

Manhattan Associates, Inc. develops and provides supply chain software solutions for the planning and execution of supply chain activities. The company offers Manhattan SCOPE and Manhattan SCALE, which are platform-based supply chain software solutions. The company has a P/E ratio of 25.6, above the average computer software & services industry P/E ratio of 25.2 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Manhattan Associates 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, solid stock price performance, growth in earnings per share and increase in net income. 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 Manhattan Associates Ratings Report.

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