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TheStreet Wire

WellCare Health Plans Reaches New 52-Week High (WCG)

By TheStreet Wire 02/13/12 - 11:39 AM EST

Find out if (WCG) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- WellCare Health Plans (NYSE:WCG) hit a new 52-week high Monday as it is currently trading at $62.88, above its previous 52-week high of $62.80 with 179,110 shares traded as of 11:19 a.m. ET. Average volume has been 557,400 shares over the past 30 days.

WellCare Health Plans has a market cap of $2.5 billion and is part of the health care sector and health services industry. Shares are up 15.9% year to date as of the close of trading on Friday.

WellCare Health Plans, Inc. provides managed care services for government-sponsored healthcare programs in the United States. The company has a P/E ratio of 12.9, above the average health services industry P/E ratio of 12.3 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates WellCare Health Plans as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full WellCare Health Plans Ratings Report.

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