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TheStreet Wire

Merck Reaches New 52-Week High (MRK)

By TheStreet Wire 05/01/12 - 03:14 PM EDT

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

NEW YORK (TheStreet) -- Merck (NYSE:MRK) hit a new 52-week high Tuesday as it is currently trading at $39.47, above its previous 52-week high of $39.46 with 13 million shares traded as of 3:50 p.m. ET. Average volume has been 14.1 million shares over the past 30 days.

Merck has a market cap of $117.02 billion and is part of the health care sector and drugs industry. Shares are up 2.1% year to date as of the close of trading on Monday.

Merck & Co., Inc. provides various health solutions through its prescription medicines, vaccines, biologic therapies, animal health, and consumer care products. The company has a P/E ratio of 19, equal to the average drugs industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Merck 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, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Merck Ratings Report.

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