Trade-Ideas: Ellie Mae (ELLI) Is Today's New Lifetime High Stock

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Ellie Mae ( ELLI) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Ellie Mae as such a stock due to the following factors:

  • ELLI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $13.2 million.
  • ELLI has traded 61,199 shares today.
  • ELLI is trading at a new lifetime high.

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More details on ELLI:

Ellie Mae, Inc. provides on-demand software solutions and services for the residential mortgage industry in the United States. Its mortgage management solution offers a system of record that allows banks, credit unions, and mortgage lenders to originate and fund mortgages. ELLI has a PE ratio of 116.9. Currently there are 5 analysts that rate Ellie Mae a buy, no analysts rate it a sell, and 2 rate it a hold.

The average volume for Ellie Mae has been 301,700 shares per day over the past 30 days. Ellie Mae has a market cap of $1.7 billion and is part of the technology sector and computer software & services industry. Shares are up 45% year-to-date as of the close of trading on Wednesday.

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