NEW YORK ( TheStreet) -- Air Methods (Nasdaq: AIRM) hit a new 52-week high Tuesday as it is currently trading at $84.71, above its previous 52-week high of $84.66 with 13,676 shares traded as of 11:16 a.m. ET. Average volume has been 96,700 shares over the past 30 days.

Air Methods has a market cap of $1.05 billion and is part of the services sector and transportation industry. Shares are up 46.6% year to date as of the close of trading on Monday.

Air Methods Corporation, together with its subsidiaries, provides air medical emergency transport services and systems in the United States. The company has a P/E ratio of 22.4, equal to the average transportation industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Air Methods as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Air Methods Ratings Report.

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