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
) pushed the Diversified Services industry higher today making it today's featured diversified services winner. The industry as a whole closed the day up 0.1%. By the end of trading, AthenaHealth rose 90 cents (1%) to $87.91 on light volume. Throughout the day, 241,697 shares of AthenaHealth exchanged hands as compared to its average daily volume of 500,600 shares. The stock ranged in a price between $86.49-$89.01 after having opened the day at $86.58 as compared to the previous trading day's close of $87.01. Other companies within the Diversified Services industry that increased today were:
), up 14.3%,
), up 7.9%,
), up 7.7%, and
), up 6.3%.
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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. AthenaHealth has a market cap of $3.46 billion and is part of the
sector. The company has a P/E ratio of 188.4, below the average diversified services industry P/E ratio of 200 and above the S&P 500 P/E ratio of 17.7. Shares are up 80.3% year to date as of the close of trading on Thursday. Currently there are seven analysts that rate AthenaHealth a buy, three analysts rate it a sell, and nine rate it a hold.
TheStreet Ratings rates AthenaHealth as a
. 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 good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and premium valuation.
- You can view the full AthenaHealth Ratings Report.
On the negative front,
), down 13.6%,
), down 8.8%,
), down 8%, and
), down 7.3%, were all laggards within the diversified services industry with
) being today's diversified services industry laggard.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the diversified services industry could consider
) while those bearish on the diversified services industry could consider
- Find other investment ideas from our top rated ETFs lists.