NEW YORK ( TheStreet) -- Air Methods Corp (Nasdaq: AIRM) hit a new 52-week high Friday as it is currently trading at $74.18, above its previous 52-week high of $74.17 with 40,604 shares traded as of 1:40 p.m. ET. Average volume has been 114,900 shares over the past 30 days. Air Methods has a market cap of $900 million and is part of the services sector and transportation industry. Shares are up 30.4% year to date as of the close of trading on Thursday. Air Methods Corporation, together with its subsidiaries, provides air medical emergency transport services and systems in the United States. The company has a P/E ratio of 18, equal to the average transportation industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Air Methods 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, notable return on equity, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Air Methods Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.