Manhattan Associates Stock Hits New 52-Week High (MANH)

NEW YORK ( TheStreet) -- Manhattan Associates (Nasdaq: MANH) hit a new 52-week high Tuesday as it is currently trading at $49.34, above its previous 52-week high of $49.32 with 38,803 shares traded as of 12:20 p.m. ET. Average volume has been 169,800 shares over the past 30 days.

Manhattan Associates has a market cap of $885 million and is part of the technology sector and computer software & services industry. Shares are up 20.6% year to date as of the close of trading on Monday.

Manhattan Associates, Inc. develops, sells, deploys, services, and maintains supply chain software solutions for the planning and execution of supply chain activities. It offers Manhattan SCOPE and Manhattan SCALE, which are platform-based supply chain software solutions. The company has a P/E ratio of 23.5, above the average computer software & services industry P/E ratio of 22.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Manhattan Associates 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, notable return on equity, solid stock price performance and impressive record of earnings per share growth. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Manhattan Associates Ratings Report.

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