Bottomline Stock Hits New 52-Week High (EPAY)

NEW YORK ( TheStreet) -- Bottomline Technologies (Nasdaq: EPAY) hit a new 52-week high Wednesday as it is currently trading at $29.85, above its previous 52-week high of $29.80 with 32,411 shares traded as of 10:24 a.m. ET. Average volume has been 176,000 shares over the past 30 days.

Bottomline has a market cap of $998.2 million and is part of the technology sector and computer software & services industry. Shares are up 22.2% year to date as of the close of trading on Tuesday.

Bottomline Technologies (de), Inc. provides electronic payment, invoice, and document automation solutions worldwide. The company has a P/E ratio of 25.7, below the average computer software & services industry P/E ratio of 26.9 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Bottomline as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, compelling growth in net income, good cash flow from operations 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 Bottomline Ratings Report.

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