NEW YORK ( TheStreet) -- Healthsouth Corporation (NYSE: HLS) hit a new 52-week high Tuesday as it is currently trading at $28.37, above its previous 52-week high of $28.36 with 87,205 shares traded as of 9:47 a.m. ET. Average volume has been 809,100 shares over the past 30 days.

Healthsouth has a market cap of $2.7 billion and is part of the health care sector and health services industry. Shares are up 35.2% year to date as of the close of trading on Friday.

HealthSouth Corporation offers inpatient rehabilitative healthcare services in the United States and Puerto Rico. The company primarily operates inpatient rehabilitation hospitals and long-term acute care hospitals, which provide treatment on both an inpatient and outpatient basis. The company has a P/E ratio of 3.3, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Healthsouth as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, revenue growth and compelling growth in net income. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full Healthsouth Ratings Report.

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