Prestige Reaches New 52-Week High (PBH)

NEW YORK ( TheStreet) -- Prestige Brands Holdings (NYSE: PBH) hit a new 52-week high Wednesday as it is currently trading at $17.13, above its previous 52-week high of $16.99 with 336,454 shares traded as of 11:50 a.m. ET. Average volume has been 259,100 shares over the past 30 days.

Prestige has a market cap of $617.3 million and is part of the health care sector and drugs industry. Shares are up 47.7% year to date as of the close of trading on Tuesday.

Prestige Brands Holdings, Inc., together with its subsidiaries, engages in marketing, selling, and distributing over-the-counter healthcare and household cleaning products primarily in North America. The company has a P/E ratio of 19.4, above the average drugs industry P/E ratio of 17 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Prestige as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, compelling growth in net income, impressive record of earnings per share growth and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Prestige Ratings Report.

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