NEW YORK ( TheStreet) -- Micros Systems (Nasdaq: MCRS) hit a new 52-week high Wednesday as it is currently trading at $55.86, above its previous 52-week high of $55.76 with 155,203 shares traded as of 2:35 p.m. ET. Average volume has been 333,200 shares over the past 30 days.

Micros Systems has a market cap of $4.31 billion and is part of the technology sector and computer software & services industry. Shares are up 17.3% year to date as of the close of trading on Tuesday.

MICROS Systems, Inc. designs, manufactures, markets, and services enterprise information solutions for the hospitality and specialty retail industries. The company has a P/E ratio of 29.1, above the average computer software & services industry P/E ratio of 28.5 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Micros Systems as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Micros Systems Ratings Report.

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