NEW YORK ( TheStreet) -- ANSYS (Nasdaq: ANSS) hit a new 52-week high Thursday as it is currently trading at $57.56, above its previous 52-week high of $57.50 with 246,179 shares traded as of 10:49 a.m. ET. Average volume has been 487,900 shares over the past 30 days.

ANSYS has a market cap of $4.9 billion and is part of the technology sector and computer software & services industry. Shares are up 4.3% year to date as of the close of trading on Wednesday.

ANSYS, Inc. engages in the development and marketing of engineering simulation software and services used by engineers and designers in aerospace, automotive, manufacturing, electronics, biomedical, energy, and defense industries. The company has a P/E ratio of 28.8, 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 ANSYS 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, impressive record of earnings per share growth and compelling growth in net income. 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 ANSYS Ratings Report.

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