NEW YORK (

TheStreet

) --

Bristol-Myers Squibb Company

(NYSE:

BMY

) hit a new 52-week high Friday as it is currently trading at $31.84, above its previous 52-week high of $31.78 with 8.1 million shares traded as of 1:35 p.m. ET. Average volume has been 13.8 million shares over the past 30 days.

Bristol-Myers Squibb has a market cap of $52.6 billion and is part of the

health care

sector and

drugs

industry. Shares are up 16.5% year to date as of the close of trading on Thursday.

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Bristol-Myers Squibb Company, a global biopharmaceutical company, discovers, develops, and delivers innovative medicines that help patients prevail over serious diseases. The company has a P/E ratio of 16, below the average drugs industry P/E ratio of 16.1 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Bristol-Myers Squibb 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, good cash flow from operations, 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

Bristol-Myers Squibb Ratings Report

.

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