WellCare Health Plans Reaches New 52-Week High (WCG)

NEW YORK ( TheStreet) -- WellCare Health Plans (NYSE: WCG) hit a new 52-week high Wednesday as it is currently trading at $60.34, above its previous 52-week high of $59.92 with 6,611 shares traded as of 9:30 a.m. ET. Average volume has been 557,400 shares over the past 30 days.

WellCare Health Plans has a market cap of $2.5 billion and is part of the health care sector and health services industry. Shares are up 13.8% year to date as of the close of trading on Tuesday.

WellCare Health Plans, Inc. provides managed care services for government-sponsored healthcare programs in the United States. The company has a P/E ratio of 12.3, 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 WellCare Health Plans as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full WellCare Health Plans Ratings Report.

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