ANSYS Stock Hits New 52-Week High (ANSS)

NEW YORK ( TheStreet) -- ANSYS (Nasdaq: ANSS) hit a new 52-week high Monday as it is currently trading at $66.24, above its previous 52-week high of $66.21 with 97,987 shares traded as of 2:05 p.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 13.2% year to date as of the close of trading on Friday.

ANSYS, Inc. develops and markets engineering simulation software and technologies used by engineers, designers, researchers, and students in aerospace, automotive, manufacturing, electronics, biomedical, energy, and defense industries and academia worldwide. The company has a P/E ratio of 33.9, 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, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full ANSYS Ratings Report.

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

If you liked this article you might like

A Proxy Battle at Mentor Graphics Could Drive a Sale

Ansys (ANSS) Marked As A Barbarian At The Gate

Analysts' Actions -- Advance Auto Parts, Comerica, GM, Michaels and More

Ansys (ANSS) Stock Falls on Q1 Miss

3 Computer Software & Services Stocks Dragging The Industry Down