NEW YORK ( TheStreet) -- MedAssets (Nasdaq: MDAS) hit a new 52-week low Monday as it is currently trading at $9.08, below its previous 52-week low of $9.09 with 190,960 shares traded as of 1:10 p.m. ET. Average volume has been 620,200 shares over the past 30 days. MedAssets has a market cap of $589.1 million and is part of the technology sector and computer software & services industry. Shares are down 52.4% year to date as of the close of trading on Friday. MedAssets, Inc. provides technology enabled products and services for hospitals, health systems, and other non-acute healthcare providers in the United States. It operates in two segments, Spend and Clinical Resource Management, and Revenue Cycle Management.
Practice your MDAS trading strategies and win cash in our stock game.
TheStreet Ratings rates MedAssets as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally weak debt management, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full MedAssets Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center.