Centene Stock Hits New 52-Week High (CNC)

NEW YORK ( TheStreet) -- Centene Corporation (NYSE: CNC) hit a new 52-week high Thursday as it is currently trading at $50.49, above its previous 52-week high of $50.40 with 133,246 shares traded as of 11:40 a.m. ET. Average volume has been 498,900 shares over the past 30 days.

Centene has a market cap of $2.22 billion and is part of the health care sector and health services industry. Shares are up 25.3% year to date as of the close of trading on Wednesday.

Centene Corporation operates as a multiline healthcare company in the United States. It operates through two segments, Medicaid Managed Care and Specialty Services. The company has a P/E ratio of 23.6, above the average health services industry P/E ratio of 21.5 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Centene 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, growth in earnings per share, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Centene Ratings Report.

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