NEW YORK ( TheStreet) -- Computer Programs and Systems (Nasdaq: CPSI) hit a new 52-week high Wednesday as it is currently trading at $66.20, above its previous 52-week high of $66 with 4,854 shares traded as of 10 a.m. ET. Average volume has been 98,300 shares over the past 30 days. Computer Programs and Systems has a market cap of $713.2 million and is part of the technology sector and computer software & services industry. Shares are up 39.1% year to date as of the close of trading on Tuesday. Computer Programs and Systems, Inc., a healthcare information technology company, designs, develops, markets, installs, and supports computerized information technology systems to small and midsize hospitals in the United States. The company has a P/E ratio of 33.4, above the average computer software & services industry P/E ratio of 33.2 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Computer Programs and Systems as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Computer Programs and Systems Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.