Air Methods Stock Hits New 52-Week High (AIRM)

NEW YORK ( TheStreet) -- Air Methods (Nasdaq: AIRM) hit a new 52-week high Tuesday as it is currently trading at $94.24, above its previous 52-week high of $93.93 with 24,685 shares traded as of 10:07 a.m. ET. Average volume has been 77,600 shares over the past 30 days.

Air Methods has a market cap of $1.19 billion and is part of the services sector and transportation industry. Shares are up 9.9% year to date as of the close of trading on Monday.

Air Methods Corporation, together with its subsidiaries, provides air medical emergency transport services and systems in the United States. The company has a P/E ratio of 22.4, equal to the average transportation industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Air Methods as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, growth in earnings per share, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Air Methods Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

If you liked this article you might like

Morgan Stanley, Kirkland Two Busiest Dealmakers in First Quarter

6 Stocks Trending Up With Major Volume

Air Methods Sells Out Under Pressure From Voce

Closing Bell: Blizzard Conditions Mute Trading Activity; AstraZeneca Jumps

Wild Weather Mutes Activity in a Down Day for Wall Street