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 $49.18, above its previous 52-week high of $49.16 with 135,545 shares traded as of 11:45 a.m. ET. Average volume has been 127,200 shares over the past 30 days.

Advisory Board has a market cap of $1.65 billion and is part of the services sector and diversified services industry. Shares are up 29.4% year to date as of the close of trading on Monday.

The Advisory Board Company, together with its subsidiaries, provides best practices research and analysis, software tools, and management and advisory services to the health care and education industries in the United States and internationally. The company has a P/E ratio of 72.7, above the average diversified services industry P/E ratio of 65.8 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, good cash flow from operations 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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