NEW YORK (

TheStreet

) --

Tenet Healthcare Corporation

(NYSE:

THC

) hit a new 52-week high Friday as it traded at $7.13 compared with its previous 52-Week high of $7.10. Tenet Healthcare is changing hands at $7.10 with 6.3 million shares traded as of 11:36 a.m. ET. Average volume has been 12.4 million shares over the past 30 days.

Tenet Healthcare has a market cap of $3.4 billion and is part of the

health care

sector and

health services

industry. Shares are up 4.2% year to date as of the close of trading on Thursday.

Tenet Healthcare Corporation, an investor-owned health care services company, operates general hospitals and related health care facilities. The company has a P/E ratio of 3.6, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 22.6.

TheStreet Ratings rates Tenet Healthcare as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income and notable return on equity. However, as a counter to these strengths, we also find weaknesses including generally poor debt management and poor profit margins. You can view the full

Tenet Healthcare Ratings Report

.

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