NEW YORK ( TheStreet) -- Emdeon (NYSE: EM) is trading at unusually high volume Thursday with 6.4 million shares changing hands. It is currently at 35.8 times its average daily volume and trading up $2.23 (+13.7%) at $18.48 as of 10:23 a.m. ET.

Emdeon has a market cap of $1.4 billion and is part of the services sector and diversified services industry. Shares are up 20% year to date as of the close of trading on Wednesday.

Emdeon Inc. provides revenue and payment cycle management solutions that connect payers, providers, and patients in the United States healthcare system. The company has a P/E ratio of 62.5, equal to the average diversified services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Emdeon as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. 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 Emdeon Ratings Report.

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