NEW YORK ( TheStreet) -- AthenaHealth (Nasdaq: ATHN) hit a new 52-week high Thursday as it is currently trading at $62.18, above its previous 52-week high of $61.78 with 185,208 shares traded as of 10:20 a.m. ET. Average volume has been 601,100 shares over the past 30 days.

AthenaHealth has a market cap of $2 billion and is part of the services sector and diversified services industry. Shares are up 44.2% year to date as of the close of trading on Wednesday.

athenahealth, Inc., a business services company, provides ongoing billing, clinical-related, and other related services to medical group practices primarily in the United States. It provides services through the athenaNet, a proprietary Internet-based practice management application. The company has a P/E ratio of 101.8, below the average diversified services industry P/E ratio of 103.7 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates AthenaHealth as a buy. 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, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full AthenaHealth Ratings Report.

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