Metropolitan Health Stock Hits New 52-Week High (MDF)

NEW YORK ( TheStreet) -- Metropolitan Health Networks (NYSE: MDF) hit a new 52-week high Monday as it is currently trading at $8.92, above its previous 52-week high of $8.90 with 72,041 shares traded as of 10 a.m. ET. Average volume has been 364,400 shares over the past 30 days.

Metropolitan Health has a market cap of $362.2 million and is part of the health care sector and health services industry. Shares are up 18.5% year to date as of the close of trading on Friday.

Metropolitan Health Networks, Inc., through its subsidiaries, engages in the operation of provider services network (PSN) in the United States. Its PSN provides and manages the healthcare services to Medicare advantage and Medicaid beneficiaries in Florida. The company has a P/E ratio of 16.6, above the average health services industry P/E ratio of 13.6 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Metropolitan Health as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Metropolitan Health Ratings Report.

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