NEW YORK ( TheStreet) -- Aspen Technology (Nasdaq: AZPN) hit a new 52-week high Thursday as it is currently trading at $17.93, above its previous 52-week high of $17.89 with 135,171 shares traded as of 10:56 a.m. ET. Average volume has been 789,400 shares over the past 30 days.

Aspen Technology has a market cap of $1.6 billion and is part of the technology sector and computer software & services industry. Shares are up 34.8% year to date as of the close of trading on Wednesday.

Aspen Technology, Inc., together with its subsidiaries, provides integrated process optimization software solutions for manufacturers in process industries, and engineering and construction firms. The company has a P/E ratio of 154.5, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Aspen Technology as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and compelling growth in net income. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full Aspen Technology Ratings Report.

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