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Manhattan Associates (NASDAQ:MANH)’s share price reached a new 52-week high during trading hours on Friday, American Banking and Market News reports. The company traded as high as $34.13 and last traded at $33.77, with a volume of 361,449 shares traded. The stock had previously closed at $33.79.

A number of analysts have recently weighed in on MANH shares. Analysts at Raymond James upgraded shares of Manhattan Associates from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, January 6th. Analysts at Zacks downgraded shares of Manhattan Associates from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 24th. They now have a $124.80 price target on the stock.

Manhattan Associates has a 1-year low of $16.6575 and a 1-year high of $33.98. The stock’s 50-day moving average is $31.0 and its 200-day moving average is $26.06. The company has a market cap of $2.591 billion and a P/E ratio of 42.18.

Manhattan Associates, Inc (NASDAQ:MANH) is a developer and implementer of supply chain software solutions that help organizations optimize their supply chain operations from planning through execution.

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