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Shares of Monotype Imaging Holdings (NASDAQ:TYPE) hit a new 52-week high on Monday, AnalystRatings.NET reports. The company traded as high as $33.25 and last traded at $31.48, with a volume of 75,576 shares trading hands. The stock had previously closed at $32.07.

A number of research firms have recently commented on TYPE. Analysts at CRT Capital initiated coverage on shares of Monotype Imaging Holdings in a research note to investors on Monday. They set a “buy” rating and a $37.50 price target on the stock. Separately, analysts at B. Riley initiated coverage on shares of Monotype Imaging Holdings in a research note to investors on Thursday, December 19th. They set a “buy” rating on the stock. Finally, analysts at Zacks downgraded shares of Monotype Imaging Holdings from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, November 7th. They now have a $27.10 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $30.10.

Monotype Imaging Holdings has a 1-year low of $16.15 and a 1-year high of $33.18. The stock has a 50-day moving average of $30.24 and a 200-day moving average of $27.56. The company has a market cap of $1.205 billion and a price-to-earnings ratio of 40.65.

Monotype Imaging Holdings (NASDAQ:TYPE) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25. The company had revenue of $40.50 million for the quarter, compared to the consensus estimate of $40.06 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. Analysts expect that Monotype Imaging Holdings will post $1.09 EPS for the current fiscal year.

Monotype Imaging Holdings Inc (NASDAQ:TYPE) is a provider of text imaging solutions.

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