Qlik Reaches New 52-Week High (QLIK)

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) -- Qlik Technologies (Nasdaq: QLIK) hit a new 52-week high Thursday as it is currently trading at $29.45, above its previous 52-week high of $29.29 with 1.2 million shares traded as of 2:51 p.m. ET. Average volume has been 1.6 million shares over the past 30 days.

Qlik has a market cap of $2.52 billion and is part of the technology sector and computer software & services industry. Shares are up 33.5% year to date as of the close of trading on Wednesday.

Qlik Technologies Inc. engages in the development, commercialization, and implementation of software products and related services for user-driven business intelligence that enables customers to make business decisions primarily in the Americas, Europe, the Asia-Pacific region, and Africa.

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TheStreet Ratings rates Qlik as a hold. 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 and expanding profit margins. 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 Qlik Ratings Report.

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