AthenaHealth Stock Hits New 52-Week High (ATHN)

NEW YORK ( TheStreet) -- AthenaHealth (Nasdaq: ATHN) hit a new 52-week high Monday as it is currently trading at $78.16, above its previous 52-week high of $78.08 with 94,555 shares traded as of 11:09 a.m. ET. Average volume has been 728,200 shares over the past 30 days.

AthenaHealth has a market cap of $2 billion and is part of the services sector and diversified services industry. Shares are up 54.1% year to date as of the close of trading on Friday.

athenahealth, Inc., a business services company, provides ongoing billing, clinical-related, and other related services to medical group practices primarily in the United States. The company provides services through the athenaNet, a proprietary Internet-based practice management application. The company has a P/E ratio of 141.7, above the average diversified services industry P/E ratio of 95.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates AthenaHealth as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full AthenaHealth Ratings Report.

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