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Trade-Ideas LLC identified

Cross Country Healthcare

(

CCRN

) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Cross Country Healthcare as such a stock due to the following factors:

  • CCRN has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $4.0 million.
  • CCRN has traded 142,068 shares today.
  • CCRN is trading at 2.81 times the normal volume for the stock at this time of day.
  • CCRN is trading at a new high 3.01% above yesterday's close.

'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.

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More details on CCRN:

TheStreet Recommends

Cross Country Healthcare, Inc. provides healthcare staffing and workforce solutions in the United States. The company operates through three segments: Nurse and Allied Staffing, Physician Staffing, and Other Human Capital Management Services. Currently there are 4 analysts that rate Cross Country Healthcare a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for Cross Country Healthcare has been 241,600 shares per day over the past 30 days. Cross Country Healthcare has a market cap of $465.2 million and is part of the services sector and diversified services industry. The stock has a beta of 0.75 and a short float of 4.2% with 3.23 days to cover. Shares are up 17.3% year-to-date as of the close of trading on Monday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Cross Country Healthcare as a

hold

. 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 solid stock price performance. However, as a counter to these strengths, we find that the company's profit margins have been poor overall.

Highlights from the ratings report include:

  • CCRN's very impressive revenue growth greatly exceeded the industry average of 6.6%. Since the same quarter one year prior, revenues leaped by 57.0%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • The current debt-to-equity ratio, 0.53, is low and is below the industry average, implying that there has been successful management of debt levels. To add to this, CCRN has a quick ratio of 1.83, which demonstrates the ability of the company to cover short-term liquidity needs.
  • The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Health Care Providers & Services industry and the overall market, CROSS COUNTRY HEALTHCARE INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • The gross profit margin for CROSS COUNTRY HEALTHCARE INC is currently lower than what is desirable, coming in at 25.11%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of 1.33% trails that of the industry average.

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