NEW YORK ( TheStreet) -- Zimmer Holdings Incorporated (NYSE: ZMH) hit a new 52-week high Thursday as it is currently trading at $66.80, above its previous 52-week high of $66.75 with 663,630 shares traded as of 11:43 a.m. ET. Average volume has been 1.6 million shares over the past 30 days.

Zimmer has a market cap of $12.7 billion and is part of the health care sector and health services industry. Shares are up 23.3% year to date as of the close of trading on Wednesday.

Zimmer Holdings, Inc., through its subsidiaries, engages in the design, development, manufacture, and marketing of orthopaedic reconstructive implants, spinal and trauma devices, dental implants, and related surgical products. The company has a P/E ratio of 21.1, below the average health services industry P/E ratio of 21.7 and above the S&P 500 P/E ratio of 17.
  • Practice your ZMH trading strategies and win cash in our stock game.

TheStreet Ratings rates Zimmer 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, expanding profit margins, increase in stock price during the past year 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 Zimmer Ratings Report.

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

null