MarketAxess Stock Hits New 52-Week High (MKTX)

NEW YORK ( TheStreet) -- MarketAxess Holdings (Nasdaq: MKTX) hit a new 52-week high Wednesday as it is currently trading at $32.90, above its previous 52-week high of $32.23 with 126,616 shares traded as of 10:48 a.m. ET. Average volume has been 186,600 shares over the past 30 days.

MarketAxess has a market cap of $1.18 billion and is part of the financial sector and financial services industry. Shares are up 3.2% year to date as of the close of trading on Tuesday.

MarketAxess Holdings Inc. operates an electronic trading platform that enables investment industry professionals to trade corporate bonds and other types of fixed-income instruments. The company has a P/E ratio of 27.1, equal to the average financial services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates MarketAxess as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full MarketAxess Ratings Report.

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