NEW YORK ( TheStreet) -- Computer Programs and Systems (Nasdaq: CPSI) hit a new 52-week high Monday as it traded at $59.62 compared with its previous 52-Week high of $59.04. Computer Programs and Systems is changing hands at $59.62 with 4,407 shares traded as of 9:30 a.m. ET. Average volume has been 80,400 shares over the past 30 days.

Computer Programs and Systems has a market cap of $625.3 million and is part of the technology sector and computer software & services industry. Shares are up 23.8% year to date as of the close of trading on Friday.

Computer Programs and Systems, Inc., a healthcare information technology company, designs, develops, markets, installs, and supports computerized information technology systems to small and midsize hospitals in the United States. The company has a P/E ratio of 33.4, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 15.8.

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TheStreet Ratings rates Computer Programs and Systems as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Computer Programs and Systems Ratings Report.

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