Haemonetics Reaches New 52-Week High (HAE)

NEW YORK ( TheStreet) -- Haemonetics Corporation (NYSE: HAE) hit a new 52-week high Thursday as it is currently trading at $68.77, above its previous 52-week high of $68.59 with 9,766 shares traded as of 10:51 a.m. ET. Average volume has been 133,400 shares over the past 30 days.

Haemonetics has a market cap of $1.7 billion and is part of the health care sector and health services industry. Shares are up 8.5% year to date as of the close of trading on Wednesday.

Haemonetics Corporation, a healthcare company, provides blood management solutions to plasma and blood collectors, blood banks, hospitals and hospital service providers, and health organizations in the United States and internationally. The company has a P/E ratio of 27.4, equal to the average health services industry P/E ratio and above the S&P 500 P/E ratio of 16.9.
  • Practice your HAE trading strategies and win cash in our stock game.

TheStreet Ratings rates Haemonetics 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, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Haemonetics Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

null

More from Markets

Canopy Growth Lets Down Eager Pot Investors; PayPal Keeps Dominating -- ICYMI

Canopy Growth Lets Down Eager Pot Investors; PayPal Keeps Dominating -- ICYMI

Dow, S&P 500 and Nasdaq Tumble After Trump Calls Off North Korea Summit

Dow, S&P 500 and Nasdaq Tumble After Trump Calls Off North Korea Summit

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists

Automakers Slump as Trump Tariffs Threaten Both Manufacturers and Consumers

Automakers Slump as Trump Tariffs Threaten Both Manufacturers and Consumers