Cubist Stock Hits New 52-Week High (CBST)

NEW YORK ( TheStreet) -- Cubist Pharmaceuticals (Nasdaq: CBST) hit a new 52-week high Friday as it is currently trading at $43.51, above its previous 52-week high of $43.34 with 115,347 shares traded as of 10:09 a.m. ET. Average volume has been 798,900 shares over the past 30 days.

Cubist has a market cap of $2.41 billion and is part of the health care sector and drugs industry. Shares are up 7.6% year to date as of the close of trading on Thursday.

Cubist Pharmaceuticals, Inc., a biopharmaceutical company, focuses on the research, development, and commercialization of pharmaceutical products that address unmet medical needs in the acute care environment. The company has a P/E ratio of 80, above the average drugs industry P/E ratio of 75.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Cubist as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins 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 feeble growth in the company's earnings per share. You can view the full Cubist Ratings Report.

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