Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
NEW YORK (
) hit a new 52-week high Wednesday as it is currently trading at $99.36, above its previous 52-week high of $98.76 with 666,447 shares traded as of 10:40 a.m. ET. Average volume has been 5.8 million shares over the past 30 days.
Amgen has a market cap of $72.46 billion and is part of the health care sector and drugs industry. Shares are up 14.5% year to date as of the close of trading on Tuesday.
Amgen Inc., a biotechnology medicines company, engages in the discovery, development, manufacture, and marketing of human therapeutic products in the areas of supportive cancer care, inflammation, nephrology, and bone diseases primarily in the United States, Europe, and Canada. The company has a P/E ratio of 17.5, below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Amgen as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, reasonable valuation levels, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full
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