NEW YORK ( TheStreet) -- MedAssets (Nasdaq: MDAS) is trading at unusually high volume Monday with 2.4 million shares changing hands. It is currently at 5.1 times its average daily volume and trading up 28 cents (+2.1%) at $14.35 as of 11:31 a.m. ET. MedAssets has a market cap of $1.2 billion and is part of the technology sector and computer software & services industry. Shares are down 30.4% year to date as of the close of trading on Friday. MedAssets, Inc. provides technology enabled products and services for hospitals, health systems, and ancillary healthcare providers in the United States. The company has a P/E ratio of 22.7, below the average computer software & services industry P/E ratio of 46.3 and equal to the S&P 500 P/E ratio of 22.6. TheStreet Ratings rates MedAssets as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally poor debt management and disappointing return on equity. You can view the full MedAssets Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.
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