NEW YORK ( TheStreet) -- Healthsouth Corporation (NYSE: HLS) hit a new 52-week high Thursday as it traded at $24.59 compared with its previous 52-Week high of $24.57. Healthsouth is changing hands at $24.57 with 354,789 shares traded as of 12:35 p.m. ET. Average volume has been 1.1 million shares over the past 30 days. Healthsouth has a market cap of $2.2 billion and is part of the health care sector and health services industry. Shares are up 15.6% year to date as of the close of trading on Wednesday. HealthSouth Corporation provides inpatient rehabilitation healthcare services in the United States and Puerto Rico. The company primarily operates inpatient rehabilitation hospitals and long-term acute care hospitals, which provide treatment on both an inpatient and outpatient basis. The company has a P/E ratio of 2.9, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 21.5. TheStreet Ratings rates Healthsouth as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full Healthsouth Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.