NEW YORK (

TheStreet

) --

Mednax

(NYSE:

MD

) hit a new 52-week high Thursday as it is currently trading at $70.50, above its previous 52-week high of $70.48 with 422,455 shares traded as of 3:26 p.m. ET. Average volume has been 340,100 shares over the past 30 days.

Mednax has a market cap of $3.3 billion and is part of the

health care

sector and

health services

industry. Shares are up 3.6% year to date as of the close of trading on Wednesday.

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MEDNAX, Inc., through its subsidiary, Pediatrix Medical Group, Inc. provides neonatal, maternal-fetal, other pediatric subspecialty and anesthesia physician services in the United States and Puerto Rico. The company has a P/E ratio of 16, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 16.9.

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TheStreet Ratings rates Mednax as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full

Mednax Ratings Report

.

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