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 Wednesday as it is currently trading at $83.66, above its previous 52-week high of $82.98 with 51,561 shares traded as of 10:16 a.m. ET. Average volume has been 518,100 shares over the past 30 days.

Concur has a market cap of $4.56 billion and is part of the technology sector and computer software & services industry. Shares are up 20.9% year to date as of the close of trading on Tuesday.

Concur Technologies, Inc. provides integrated travel and expense management solutions for companies of various industries, sizes, and geographies worldwide.

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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 largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full Concur Ratings Report.

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