Advisory Board Stock Hits New 52-Week High (ABCO)

NEW YORK ( TheStreet) -- Advisory Board Company (Nasdaq: ABCO) hit a new 52-week high Tuesday as it is currently trading at $92.34, above its previous 52-week high of $92.32 with 44,536 shares traded as of 11:06 a.m. ET. Average volume has been 121,300 shares over the past 30 days.

Advisory Board has a market cap of $1.53 billion and is part of the services sector and diversified services industry. Shares are up 22.8% year to date as of the close of trading on Monday.

The Advisory Board Company, together with its subsidiaries, engages in the provision of best practices research and analysis, business intelligence and software tools, and management and advisory services primarily in the United States. The company has a P/E ratio of 69.8, below the average diversified services industry P/E ratio of 70.4 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Advisory Board 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, growth in earnings per share, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Advisory Board Ratings Report.

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