Celgene Stock Hits New 52-Week High (CELG)

NEW YORK ( TheStreet) -- Celgene Corporation (Nasdaq: CELG) hit a new 52-week high Tuesday as it is currently trading at $79.15, above its previous 52-week high of $78.83 with 976,570 shares traded as of 12 p.m. ET. Average volume has been 3.4 million shares over the past 30 days.

Celgene has a market cap of $32.86 billion and is part of the health care sector and drugs industry. Shares are up 14.7% year to date as of the close of trading on Monday.

Celgene Corporation, a biopharmaceutical company, discovers, develops, and commercializes various therapies to treat cancer and immune-inflammatory related diseases primarily in the United States and Europe. The company has a P/E ratio of 27.2, below the average drugs industry P/E ratio of 31.1 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Celgene 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, notable return on equity, reasonable valuation levels and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Celgene Ratings Report.

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