Molina Healthcare Stock Hits New 52-Week High (MOH)

NEW YORK ( TheStreet) -- Molina Healthcare (NYSE: MOH) hit a new 52-week high Monday as it is currently trading at $34.52, above its previous 52-week high of $34.51 with 208,091 shares traded as of 11:10 a.m. ET. Average volume has been 369,700 shares over the past 30 days.

Molina Healthcare has a market cap of $1.3 billion and is part of the health care sector and health services industry. Shares are up 50% year to date as of the close of trading on Friday.

Molina Healthcare, Inc. provides Medicaid-related solutions to meet the health care needs of low-income families and individuals, as well as assists state agencies in their administration of the Medicaid program. The company has a P/E ratio of 21.8, above the average health services industry P/E ratio of 18.3 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Molina Healthcare as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, 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 Molina Healthcare Ratings Report.

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