Air Methods Reaches New 52-Week High (AIRM)
NEW YORK (
) --
(Nasdaq:
) hit a new 52-week high Thursday as it is currently trading at $91.30, above its previous 52-week high of $90.71 with 17,983 shares traded as of 11:20 a.m. ET. Average volume has been 84,400 shares over the past 30 days.
Air Methods has a market cap of $1.03 billion and is part of the
sector and
industry. Shares are up 5.9% year to date as of the close of trading on Wednesday.
Air Methods Corporation, together with its subsidiaries, provides air medical emergency transport services and systems in the United States. The company has a P/E ratio of 24.1, above the average transportation industry P/E ratio of 21.9 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Air Methods as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, good cash flow from operations, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full
.
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