Ellie Mae Reaches New 52-Week High (ELLI)

NEW YORK ( TheStreet) -- Ellie Mae (NYSE: ELLI) hit a new 52-week high Wednesday as it is currently trading at $17.04, above its previous 52-week high of $16.69 with 85,045 shares traded as of 11:03 a.m. ET. Average volume has been 224,500 shares over the past 30 days.

Ellie Mae has a market cap of $339.7 million and is part of the technology sector and computer software & services industry. Shares are up 178.4% year to date as of the close of trading on Tuesday.

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 28.1, below the average computer software & services industry P/E ratio of 41.4 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 stock itself is trading at a premium valuation. You can view the full Ellie Mae Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

null

More from Markets

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker