NEW YORK ( TheStreet) -- Shares of Health Management Associates (NYSE: HMA) were gapping up Monday morning with an open price 11.4% higher than Friday's closing price. The stock closed at $7.47 Friday and opened today's trading at $8.32.

The average volume for Health Management Associates has been 3.4 million shares per day over the past 30 days. Health Management Associates has a market cap of $2.06 billion and is part of the health care sector and health services industry. Shares are down 21.7% year to date as of the close of trading on Friday.

Health Management Associates, Inc., through its subsidiaries, engages in the operation of general acute care hospitals and other health care facilities in non-urban communities in the United States. The company has a P/E ratio of 10.8, below the average health services industry P/E ratio of 11.8 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Health Management Associates as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and increase in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, generally poor debt management and poor profit margins. You can view the full Health Management Associates Ratings Report.

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