Centene Stock Gaps Up On Today's Open (CNC)

NEW YORK (TheStreet) -- Shares of Centene Corporation (NYSE:CNC) were gapping up Monday morning with an open price 11.9% higher than Friday's closing price. The stock closed at $28.93 Friday and opened today's trading at $32.36.

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The average volume for Centene has been 1.5 million shares per day over the past 30 days. Centene has a market cap of $1.53 billion and is part of the health care sector and health services industry. Shares are down 26.9% year to date as of the close of trading on Friday.

Centene Corporation operates as a multiline healthcare company in the United States. It operates through two segments, Medicaid Managed Care and Specialty Services. The company has a P/E ratio of 14.1, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Centene as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Centene Ratings Report.

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For more information on Centene Corporation click any of the following:

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• Centene Corporation Income Statement