NEW YORK ( TheStreet) -- Manhattan Associates (Nasdaq: MANH) hit a new 52-week high Thursday as it is currently trading at $41.84, above its previous 52-week high of $41.74 with 117,655 shares traded as of 11:59 a.m. ET. Average volume has been 141,500 shares over the past 30 days.

Manhattan Associates has a market cap of $858.1 million and is part of the technology sector and computer software & services industry. Shares are up 34.1% year to date as of the close of trading on Wednesday.

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 22.9, above the average computer software & services industry P/E ratio of 21.6 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, notable return on equity, solid stock price performance and impressive record of earnings per share growth. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Manhattan Associates Ratings Report.

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