Concur Reaches New 52-Week High (CNQR)

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) -- Concur Technologies (Nasdaq: CNQR) hit a new 52-week high Thursday as it is currently trading at $76.15, above its previous 52-week high of $75.88 with 202,960 shares traded as of 2:25 p.m. ET. Average volume has been 599,100 shares over the past 30 days.

Concur has a market cap of $4.09 billion and is part of the technology sector and computer software & services industry. Shares are up 46.3% 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.

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TheStreet Ratings rates Concur as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and increase in net income. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full Concur Ratings Report.

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