NEW YORK ( TheStreet) -- IPC The Hospitalist Company (Nasdaq: IPCM) hit a new 52-week high Wednesday as it is currently trading at $49.42, above its previous 52-week high of $49.26 with 1,949 shares traded as of 9:40 a.m. ET. Average volume has been 78,600 shares over the past 30 days.

IPC The Hospitalist has a market cap of $767 million and is part of the health care sector and health services industry. Shares are up 25.8% year to date as of the close of trading on Tuesday.

IPC The Hospitalist Company, Inc., a physician group practice company, provides hospitalist services in the United States. The company has a P/E ratio of 32.1, equal to the average health services industry P/E ratio and above the S&P 500 P/E ratio of 16.7.
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TheStreet Ratings rates IPC The Hospitalist 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, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full IPC The Hospitalist Ratings Report.

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