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TheStreet Wire

WellCare Health Plans Stock Hits New 52-Week High (WCG)

By TheStreet Wire 03/30/12 - 09:24 AM EDT

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

NEW YORK (TheStreet) -- WellCare Health Plans (NYSE:WCG) hit a new 52-week high Friday as it is currently trading at $71.98, above its previous 52-week high of $71.54 with 80,359 shares traded as of 10 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 34.4% year to date as of the close of trading on Thursday.

WellCare Health Plans, Inc. provides managed care services for government-sponsored health care programs in the United States. The company has a P/E ratio of 11.5, below 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 solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full WellCare Health Plans Ratings Report.

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