NEW YORK ( TheStreet) -- Invacare Corporation (NYSE: IVC) hit a new 52-week high Friday as it is currently trading at $33.85, above its previous 52-week high of $33.84 with 66,749 shares traded as of 2:46 p.m. ET. Average volume has been 148,200 shares over the past 30 days. Invacare has a market cap of $1 billion and is part of the health care sector and health services industry. Shares are up 10% year to date as of the close of trading on Thursday. Invacare Corporation designs, manufactures, and distributes medical equipment and supplies for the non-acute care environment, including the home health care, retail, and extended care markets. The company has a P/E ratio of 35.9, below the average health services industry P/E ratio of 36.3 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Invacare as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, solid stock price performance, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Invacare Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.