Apigee Corp. (NASDAQ:APIC) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $16.75 and last traded at $16.14, with a volume of 130,296 shares. The stock had previously closed at $15.91.

APIC has been the subject of a number of research reports. Zacks Investment Research raised shares of Apigee Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, June 22nd. Roth Capital upped their target price on shares of Apigee Corp. from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, May 26th. Finally, Pacific Crest reaffirmed a “buy” rating on shares of Apigee Corp. in a report on Sunday, May 22nd.

The stock has a 50 day moving average price of $13.75 and a 200-day moving average price of $10.72. The firm’s market capitalization is $490.22 million.

Apigee Corporation (Apigee) is a provider of an application program interface (API)-based software platform that enables digital connectivity and business insights. The Company’s platform allows businesses to design, deploy and scale APIs as a connection layer between its information technology (IT) systems and data and the applications with which its customers, partners, employees and other users engage with its business.

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