MarketAxess Reaches New 52-Week High (MKTX)

NEW YORK ( TheStreet) -- MarketAxess Holdings (Nasdaq: MKTX) hit a new 52-week high Thursday as it is currently trading at $35.61, above its previous 52-week high of $35.42 with 140,810 shares traded as of 2 p.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 16.1% year to date as of the close of trading on Wednesday.

MarketAxess Holdings Inc., through its subsidiaries, operates an electronic trading platform that allows investment industry professionals to trade corporate bonds and other types of fixed-income instruments. The company has a P/E ratio of 29, above the average financial services industry P/E ratio of 27.2 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, notable return on equity, expanding profit margins and impressive record of earnings per share growth. 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.

See all 52-week high stocks or get investment ideas from our investment research center.

null

More from Markets

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%