Qlik Reaches New 52-Week High (QLIK)

NEW YORK ( TheStreet) -- Qlik Technologies (Nasdaq: QLIK) hit a new 52-week high Thursday as it is currently trading at $31.48, above its previous 52-week high of $31.33 with 87,692 shares traded as of 9:35 a.m. ET. Average volume has been 1.5 million shares over the past 30 days.

Qlik has a market cap of $2.62 billion and is part of the technology sector and computer software & services industry. Shares are up 38.7% 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 solid stock price performance. 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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