NEW YORK ( TheStreet) -- Air Methods (Nasdaq: AIRM) hit a new 52-week high Thursday as it is currently trading at $89.27, above its previous 52-week high of $88.79 with 45,754 shares traded as of 1:40 p.m. ET. Average volume has been 84,400 shares over the past 30 days. Air Methods has a market cap of $1.03 billion and is part of the services sector and transportation industry. Shares are up 3% year to date as of the close of trading on Wednesday. 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 23.1, above the average transportation industry P/E ratio of 21.9 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, good cash flow from operations, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Air Methods Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.