Concur Stock Hits New 52-Week High (CNQR)

NEW YORK ( TheStreet) -- Concur Technologies (Nasdaq: CNQR) hit a new 52-week high Thursday as it is currently trading at $64.87, above its previous 52-week high of $62.60 with 239,636 shares traded as of 9:50 a.m. ET. Average volume has been 439,400 shares over the past 30 days.

Concur has a market cap of $3.14 billion and is part of the technology sector and computer software & services industry. Shares are up 13.4% year to date as of the close of trading on Wednesday.

Concur Technologies, Inc. provides integrated travel and expense management solutions for companies of various industries, sizes, and geographies.

TheStreet Ratings rates Concur as a hold. 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 and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full Concur Ratings Report.

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