NEW YORK (
) is trading at unusually high volume Monday with 1.3 million shares changing hands. It is currently at 4.9 times its average daily volume and trading down 27 cents (-2.3%) at $11.55 as of 2:21 p.m. ET.
Pharmerica has a market cap of $351.2 million and is part of the
industry. Shares are up 3.2% year to date as of the close of trading on Friday.
PharMerica Corporation operates as an institutional pharmacy services company in the United States. It offers services to healthcare facilities and provides management pharmacy services to hospitals. The company has a P/E ratio of 18.7, above the average retail industry P/E ratio of 14.8 and below the S&P 500 P/E ratio of 22.6.
TheStreet Ratings rates Pharmerica as hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full
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