NEW YORK (

TheStreet

) --

Amerigroup Corporation

(NYSE:

AGP

) hit a new 52-week high Wednesday as it is currently trading at $66.49, above its previous 52-week high of $66.48 with 182,618 shares traded as of 12:21 p.m. ET. Average volume has been 777,300 shares over the past 30 days.

Amerigroup has a market cap of $3.2 billion and is part of the

health care

sector and

health services

industry. Shares are up 50.6% year to date as of the close of trading on Tuesday.

TheStreet Recommends

AMERIGROUP Corporation operates as a multistate managed healthcare company. It focuses on serving people, who receive healthcare benefits through publicly sponsored programs, such as Medicaid, Children's Health Insurance Program (CHIP), Medicaid expansion programs, and Medicare Advantage. The company has a P/E ratio of 12, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 16.7.

  • Practice your AGP trading strategies and win cash in our stock game.

TheStreet Ratings rates Amerigroup 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 good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full

Amerigroup Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

null