NEW YORK ( TheStreet) -- Pegasystems (Nasdaq: PEGA) hit a new 52-week low Wednesday as it is currently trading at $27.54, below its previous 52-week low of $28.15 with 21,503 shares traded as of 10:10 a.m. ET. Average volume has been 328,700 shares over the past 30 days.

Pegasystems has a market cap of $1.08 billion and is part of the technology sector and computer software & services industry. Shares are down 21.9% year to date as of the close of trading on Tuesday.

Pegasystems Inc. develops, markets, licenses, and supports software to automate business processes primarily in the United States, the United Kingdom, and Europe. The company has a P/E ratio of 158.7, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Pegasystems as a hold. 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 and compelling growth in net income. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full Pegasystems Ratings Report.

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