Computer Programs And Systems Stock Hits New 52-Week High (CPSI)

NEW YORK ( TheStreet) -- Computer Programs and Systems (Nasdaq: CPSI) hit a new 52-week high Tuesday as it traded at $62.08 compared with its previous 52-Week high of $61.99. Computer Programs and Systems is changing hands at $62.08 with 9,092 shares traded as of 10:44 a.m. ET. Average volume has been 80,100 shares over the past 30 days.

Computer Programs and Systems has a market cap of $664.4 million and is part of the technology sector and computer software & services industry. Shares are up 30.5% year to date as of the close of trading on Monday.

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 35.4, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 16.2.
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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 good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Computer Programs and Systems Ratings Report.

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