Ellie Mae Reaches New 52-Week High (ELLI)

NEW YORK ( TheStreet) -- Ellie Mae (NYSE: ELLI) hit a new 52-week high Thursday as it is currently trading at $17.39, above its previous 52-week high of $16.87 with 1,900 shares traded as of 9:30 a.m. ET. Average volume has been 151,800 shares over the past 30 days.

Ellie Mae has a market cap of $343.2 million and is part of the technology sector and computer software & services industry. Shares are up 182.3% year to date as of the close of trading on Wednesday.

Ellie Mae, Inc., together with its subsidiaries, provides business automation software for the mortgage industry in the United States. The company has a P/E ratio of 28.5, below the average computer software & services industry P/E ratio of 41.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Ellie Mae as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full Ellie Mae Ratings Report.

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