Autodesk Reaches New 52-Week High (ADSK)

NEW YORK ( TheStreet) -- Autodesk (Nasdaq: ADSK) hit a new 52-week high Friday as it is currently trading at $45.46, above its previous 52-week high of $45.03 with 1.2 million shares traded as of 9:50 a.m. ET. Average volume has been 3.4 million shares over the past 30 days.

Autodesk has a market cap of $9.44 billion and is part of the technology sector and computer software & services industry. Shares are up 19.8% year to date as of the close of trading on Thursday.

Autodesk, Inc. operates as a design software and services company worldwide. The company has a P/E ratio of 44.1, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Autodesk as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Autodesk Ratings Report.

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