NEW YORK (
) hit a new 52-week high Thursday as it is currently trading at $101, above its previous 52-week high of $100.85 with 59,354 shares traded as of 10:37 a.m. ET. Average volume has been 447,900 shares over the past 30 days.
Shire has a market cap of $18.9 billion and is part of the
industry. Shares are up 38.5% year to date as of the close of trading on Wednesday.
Shire plc, a specialty biopharmaceutical company, engages in the research and development, manufacture, sale, and distribution of pharmaceutical products. It operates in two segments, Specialty Pharmaceuticals and Human Genetic Therapies. The company has a P/E ratio of 31.9, above the average drugs industry P/E ratio of 29.9 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Shire as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full
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