ANSYS Stock Hits New 52-Week High (ANSS)

NEW YORK ( TheStreet) -- ANSYS (Nasdaq: ANSS) hit a new 52-week high Friday as it is currently trading at $67.53, above its previous 52-week high of $67.48 with 194,864 shares traded as of 1:44 p.m. ET. Average volume has been 336,000 shares over the past 30 days.

ANSYS has a market cap of $6.11 billion and is part of the technology sector and computer software & services industry. Shares are up 17% year to date as of the close of trading on Thursday.

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 34.4, 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 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, solid stock price performance and expanding profit margins. 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.

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