HMS Stock Hits New 52-Week High (HMSY)

NEW YORK ( TheStreet) -- HMS Holdings Corporation (Nasdaq: HMSY) hit a new 52-week high Friday as it is currently trading at $34.74, above its previous 52-week high of $34.73 with 207,015 shares traded as of 12:40 p.m. ET. Average volume has been 937,000 shares over the past 30 days.

HMS has a market cap of $2.82 billion and is part of the services sector and diversified services industry. Shares are up 6.4% year to date as of the close of trading on Thursday.

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 60.8, above the average diversified services industry P/E ratio of 58.4 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 the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full HMS Ratings Report.

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