NEW YORK ( TheStreet) -- MedAssets (Nasdaq: MDAS) hit a new 52-week low Tuesday as it is currently trading at $9.46, below its previous 52-week low of $9.58 with 721,661 shares traded as of 2:21 p.m. ET. Average volume has been 681,800 shares over the past 30 days.

MedAssets has a market cap of $641.8 million and is part of the technology sector and computer software & services industry. Shares are down 52.6% year to date as of the close of trading on Monday.

MedAssets, Inc. provides technology enabled products and services for hospitals, health systems, and ancillary healthcare providers in the United States.
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TheStreet Ratings rates MedAssets as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally poor debt management and disappointing return on equity. You can view the full MedAssets Ratings Report.

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