HMS Reaches New 52-Week High (HMSY)

NEW YORK ( TheStreet) -- HMS Holdings Corporation (Nasdaq: HMSY) hit a new 52-week high Tuesday as it is currently trading at $33.07, above its previous 52-week high of $32.83 with 22,292 shares traded as of 9:35 a.m. ET. Average volume has been 960,400 shares over the past 30 days.

HMS has a market cap of $2.77 billion and is part of the services sector and diversified services industry. Shares are up 1.7% year to date as of the close of trading on Friday.

HMS Holdings Corp. provides cost containment, coordination of benefits, and program integrity services. The company's services enable clients to recover amounts due from liable third parties, reduce fraud, and ensure regulatory compliance. The company has a P/E ratio of 58.1, above the average diversified services industry P/E ratio of 57.4 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates HMS as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full HMS Ratings Report.

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