ANSYS Reaches New 52-Week High (ANSS)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK ( TheStreet) -- ANSYS (Nasdaq: ANSS) hit a new 52-week high Wednesday as it is currently trading at $71.10, above its previous 52-week high of $71 with 156,626 shares traded as of 2:39 p.m. ET. Average volume has been 607,100 shares over the past 30 days.

ANSYS has a market cap of $6.44 billion and is part of the technology sector and computer software & services industry. Shares are up 21.7% year to date as of the close of trading on Tuesday.

ANSYS, Inc. develops and markets engineering simulation software and technologies used by engineers, designers, researchers, and students in aerospace, automotive, manufacturing, electronics, biomedical, energy, and defense industries and academia worldwide. The company has a P/E ratio of 35, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates ANSYS 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, reasonable valuation levels, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full ANSYS Ratings Report.

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