AthenaHealth Stock Hits New 52-Week High (ATHN)

NEW YORK (TheStreet) -- AthenaHealth (Nasdaq:ATHN) hit a new 52-week high Tuesday as it is currently trading at $79.84, above its previous 52-week high of $79.41 with 230,152 shares traded as of 1:45 p.m. ET. Average volume has been 440,900 shares over the past 30 days.

AthenaHealth has a market cap of $2.8 billion and is part of the services sector and diversified services industry. Shares are up 49.7% year to date as of the close of trading on Monday.

athenahealth, Inc., a business services company, provides ongoing billing, clinical-related, and other related services to medical group practices primarily in the United States. The company provides services through the athenaNet, a proprietary Internet-based practice management application. The company has a P/E ratio of 150.1, below the average diversified services industry P/E ratio of 153 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates AthenaHealth as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, disappointing return on equity and premium valuation. You can view the full AthenaHealth Ratings Report.

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