NEW YORK ( TheStreet) -- Zimmer Holdings Incorporated (NYSE: ZMH) hit a new 52-week high Friday as it traded at $63.23 compared with its previous 52-Week high of $62.50. Zimmer is changing hands at $62.66 with 197,258 shares traded as of 9:32 a.m. ET. Average volume has been 1.9 million shares over the past 30 days. Zimmer has a market cap of $12.1 billion and is part of the health care sector and health services industry. Shares are up 14.2% year to date as of the close of trading on Thursday.

Zimmer Holdings, Inc., through its subsidiaries, engages in the design, development, manufacture, and marketing of orthopaedic reconstructive implants, dental implants, spinal implants, trauma products, and related surgical products in the Americas, Europe, and the Asia Pacific. The company has a P/E ratio of 14, below the average health services industry P/E ratio of 20.6 and below the S&P 500 P/E ratio of 23.4.

TheStreet Ratings rates Zimmer as a hold. 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 and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full Zimmer Ratings Report.

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