NEW YORK (

TheStreet

) --

Centene Corporation

(NYSE:

CNC

) hit a new 52-week high Tuesday as it is currently trading at $39.40, above its previous 52-week high of $39.35 with 23,757 shares traded as of 10:20 a.m. ET. Average volume has been 593,500 shares over the past 30 days.

Centene has a market cap of $1.93 billion and is part of the

health care

sector and

health services

industry. Shares are up 51.7% year to date as of the close of trading on Monday.

Centene Corporation operates as a multiline healthcare company in the United States. It operates through two segments, Medicaid Managed Care and Specialty Services. The company has a P/E ratio of 18.7, equal to the average health services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Centene as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

Centene Ratings Report

.

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