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

NEW YORK ( TheStreet) -- Manhattan Associates (Nasdaq: MANH) hit a new 52-week high Wednesday as it is currently trading at $50.36, above its previous 52-week high of $50.18 with 76,259 shares traded as of 9:54 a.m. ET. Average volume has been 153,100 shares over the past 30 days.

Manhattan Associates has a market cap of $926.1 million and is part of the technology sector and computer software & services industry. Shares are up 14% year to date as of the close of trading on Tuesday.

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 21.8, equal to the average computer software & services industry P/E ratio 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 no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Manhattan Associates Ratings Report.

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