NEW YORK (
) is trading at unusually high volume Friday with 1.5 million shares changing hands. It is currently at four times its average daily volume and trading up $1.25 (+3.7%) at $34.76 as of 3:50 p.m. ET.
Molina Healthcare has a market cap of $1.3 billion and is part of the
industry. Shares are up 50.1% year to date as of the close of trading on Thursday.
Molina Healthcare, Inc. provides Medicaid-related solutions to meet the health care needs of low-income families and individuals, as well as assists state agencies in their administration of the Medicaid program. The company has a P/E ratio of 22, above the average health services industry P/E ratio of 18.3 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Molina Healthcare as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full
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