NEW YORK (
) hit a new 52-week high Thursday as it is currently trading at $42.38, above its previous 52-week high of $42.30 with 79,587 shares traded as of 11:11 a.m. ET. Average volume has been 315,800 shares over the past 30 days.
Molina Healthcare has a market cap of $1.3 billion and is part of the
industry. Shares are up 49.6% year to date as of the close of trading on Wednesday.
Molina Healthcare, Inc., through its subsidiaries, operates as a multi-state managed care organization. The company has a P/E ratio of 19.6, equal to the average health services industry P/E ratio and above the S&P 500 P/E ratio of 16.9.
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TheStreet Ratings rates Molina Healthcare as a
. 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, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full
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