Herbalife Reaches New 52-Week High (HLF)

NEW YORK ( TheStreet) -- Herbalife (NYSE: HLF) hit a new 52-week high Thursday as it is currently trading at $70.46, above its previous 52-week high of $70.35 with 357,742 shares traded as of 10:05 a.m. ET. Average volume has been 1.5 million shares over the past 30 days.

Herbalife has a market cap of $6.58 billion and is part of the health care sector and drugs industry. Shares are up 35.3% year to date as of the close of trading on Wednesday.

Herbalife Ltd., a network marketing company, sells weight management, nutritional supplement, energy, sports and fitness, and personal care products worldwide. The company has a P/E ratio of 21.2, above the average drugs industry P/E ratio of 18.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Herbalife as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Herbalife Ratings Report.

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