NEW YORK ( TheStreet) -- Kinetic Concepts Incorporated (NYSE: KCI) hit a new 52-week high Thursday as it is currently trading at $68.47, above its previous 52-week high of $68.23 with 1.8 million shares traded as of 10:21 a.m. ET. Average volume has been 901,200 shares over the past 30 days. Kinetic Concepts has a market cap of $4.7 billion and is part of the health care sector and health services industry. Shares are up 54% year to date as of the close of trading on Wednesday. Kinetic Concepts, Inc., a medical technology company, engages in the discovery, development, manufacture, marketing, rental, and sale of therapies and products for the advanced wound care, regenerative medicine, and therapeutic support system markets in the United States and internationally. The company has a P/E ratio of 17.1, 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 Kinetic Concepts as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Kinetic Concepts Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.
Shares of Kinetic Concepts were rising in premarket trading Monday after the company received a takeover bid from competitor ConvaTec that tops the terms of an agreement the company reached last month.