NEW YORK ( TheStreet) -- Air Methods Corp (Nasdaq: AIRM) hit a new 52-week high Friday as it traded at $62.10 compared with its previous 52-Week high of $60.26. Air Methods is changing hands at $61.76 with 19,186 shares traded as of 9:31 a.m. ET. Average volume has been 85,600 shares over the past 30 days.

Air Methods has a market cap of $737.6 million and is part of the services sector and transportation industry. Shares are up 3.9% year to date as of the close of trading on Thursday.

Air Methods Corporation, together with its subsidiaries, provides air medical emergency transport services and systems in the United States. The company has a P/E ratio of 21.6, equal to the average transportation industry P/E ratio and above the S&P 500 P/E ratio of 17.5.

TheStreet Ratings rates Air Methods as a buy. 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, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Air Methods Ratings Report.

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