NEW YORK ( TheStreet) -- Monotype Imaging Holdings (Nasdaq: TYPE) hit a new 52-week high Thursday as it is currently trading at $16.24, above its previous 52-week high of $16.23 with 90,001 shares traded as of 1:30 p.m. ET. Average volume has been 200,400 shares over the past 30 days.

Monotype Imaging has a market cap of $561.1 million and is part of the technology sector and computer software & services industry. Shares are up 40.5% year to date as of the close of trading on Wednesday.

Monotype Imaging Holdings Inc., through its subsidiaries, provides end-user and embedded text imaging solutions for use in print, Web, and mobile environments that enable people to create and consume content on various devices worldwide. The company has a P/E ratio of 24.7, 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 Monotype Imaging 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, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Monotype Imaging Ratings Report.

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