NEW YORK (

TheStreet

) --

Health Net

(NYSE:

HNT

) hit a new 52-week high Friday as it is currently trading at $36.41, above its previous 52-week high of $36.37 with 135,533 shares traded as of 10:49 a.m. ET. Average volume has been 821,600 shares over the past 30 days.

Health Net has a market cap of $2.93 billion and is part of the

health care

sector and

health services

industry. Shares are up 17.7% year to date as of the close of trading on Thursday.

Health Net, Inc provides managed health care services through its health plans and government-sponsored managed care plans. The company has a P/E ratio of 37.7, above the average health services industry P/E ratio of 35.7 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Health Net as a

buy

. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Health Net Ratings Report

.

See all

52-week high stocks

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