WellCare Health Plans Stock Gaps Up On Today's Open (WCG)

NEW YORK ( TheStreet) -- Shares of WellCare Health Plans (NYSE: WCG) were gapping up Wednesday morning with an open price 10.4% higher than Tuesday's closing price. The stock closed at $62.96 Tuesday and opened today's trading at $69.50.

The average volume for WellCare Health Plans has been 557,400 shares per day 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 19.9% 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 13.3, above the average health services industry P/E ratio of 12.3 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and good cash flow from operations. 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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