ANSYS Reaches New 52-Week High (ANSS)

NEW YORK ( TheStreet) -- ANSYS (Nasdaq: ANSS) hit a new 52-week high Thursday as it is currently trading at $64.73, above its previous 52-week high of $64.67 with 71,157 shares traded as of 10:44 a.m. ET. Average volume has been 361,100 shares over the past 30 days.

ANSYS has a market cap of $5.67 billion and is part of the technology sector and computer software & services industry. Shares are up 11.8% 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 33.3, above the average computer software & services industry P/E ratio of 31.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates ANSYS 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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full ANSYS Ratings Report.

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