NEW YORK ( TheStreet) -- American Medical Systems Holdings (Nasdaq: AMMD) hit a new 52-week high Thursday as it is currently trading at $29.59, above its previous 52-week high of $29.53 with 2.1 million shares traded as of four p.m. ET. Average volume has been 2.5 million shares over the past 30 days.

American Medical Systems has a market cap of $2.3 billion and is part of the health care sector and health services industry. Shares are up 56.3% year to date as of the close of trading on Wednesday.

American Medical Systems Holdings, Inc. engages in developing, manufacturing, selling, and marketing medical devices to physicians treating men's and women's pelvic health conditions worldwide. The company has a P/E ratio of 26.3, equal to the average health services industry P/E ratio and above the S&P 500 P/E ratio of 16.9.
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TheStreet Ratings rates American Medical Systems as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, expanding profit margins, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full American Medical Systems Ratings Report.

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