Endologix Reaches New 52-Week High (ELGX)

NEW YORK ( TheStreet) -- Endologix (Nasdaq: ELGX) hit a new 52-week high Friday as it is currently trading at $13.43, above its previous 52-week high of $13.39 with 21,810 shares traded as of 9:43 a.m. ET. Average volume has been 457,500 shares over the past 30 days.

Endologix has a market cap of $708.4 million and is part of the health care sector and health services industry. Shares are up 15.9% year to date as of the close of trading on Thursday.

Endologix, Inc. develops, manufactures, markets, and sells devices for treatments of aortic disorders.

TheStreet Ratings rates Endologix as a hold. 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 and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full Endologix Ratings Report.

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