Herbalife (NYSE:HLF) hit a new 52-week high Wednesday as it changed hands at $75 compared with its previous 52-week high of $71.29. Herbalife is currently trading at $75 with 108,909 shares changing hands as of 9:31 a.m..
NEW YORK ( TheStreet) -- Herbalife (NYSE: HLF) hit a new 52-week high Wednesday as it traded at $75 compared with its previous 52-Week high of $71.29. Herbalife is changing hands at $75 with 108,909 shares traded as of 9:31 a.m. ET. Average volume has been 441,000 shares over the past 30 days. Herbalife has a market cap of $4.1 billion and is part of the health care sector and drugs industry. Shares are up 2.3% year to date as of the close of trading on Tuesday. Herbalife Ltd., a network marketing company, sells weight management, nutritional supplement, energy, sports and fitness, and personal care products worldwide. The company has a P/E ratio of 16.4, equal to the average drugs industry P/E ratio and below the S&P 500 P/E ratio of 23.2. TheStreet Ratings rates Herbalife as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Herbalife Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.