Wright Medical Group Reaches New 52-Week High (WMGI)

NEW YORK ( TheStreet) -- Wright Medical Group (Nasdaq: WMGI) hit a new 52-week high Wednesday as it is currently trading at $19.92, above its previous 52-week high of $19.87 with 517,432 shares traded as of 11:50 a.m. ET. Average volume has been 306,900 shares over the past 30 days.

Wright Medical Group has a market cap of $732.2 million and is part of the health care sector and health services industry. Shares are up 13.6% year to date as of the close of trading on Tuesday.

Wright Medical Group, Inc., an orthopedic medical device company, engages in the design, manufacture, and marketing of devices and biologic products for the extremity, hip, and knee repair and reconstruction. The company also provides surgical solutions for the foot and ankle market.

TheStreet Ratings rates Wright Medical Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures 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 Wright Medical Group Ratings Report.

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