Pegasystems Stock Hits New 52-Week Low (PEGA)

NEW YORK ( TheStreet) -- Pegasystems (Nasdaq: PEGA) hit a new 52-week low Tuesday as it is currently trading at $26.09, below its previous 52-week low of $26.35 with 75,159 shares traded as of 11:26 a.m. ET. Average volume has been 318,800 shares over the past 30 days.

Pegasystems has a market cap of $997.2 million and is part of the technology sector and computer software & services industry. Shares are down 10% year to date as of the close of trading on Friday.

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 147, 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 stock has had a generally disappointing performance in the past year. You can view the full Pegasystems Ratings Report.

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