Healthspring Stock Hits New 52-Week High (HS)

NEW YORK ( TheStreet) -- Healthspring (NYSE: HS) hit a new 52-week high Friday as it is currently trading at $54.94, above its previous 52-week high of $54.91 with 84,727 shares traded as of 9:35 a.m. ET. Average volume has been 1.3 million shares over the past 30 days.

Healthspring has a market cap of $3.74 billion and is part of the health care sector and health services industry. Shares are up 0.5% year to date as of the close of trading on Thursday.

HealthSpring, Inc., through its subsidiaries, operates as a managed care organization in the United States. It focuses primarily on Medicare, the federal government sponsored health insurance program for the U.S. The company has a P/E ratio of 13.5, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Healthspring 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, good cash flow from operations, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Healthspring Ratings Report.

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