Cyberonics Reaches New 52-Week High (CYBX)

NEW YORK ( TheStreet) -- Cyberonics (Nasdaq: CYBX) hit a new 52-week high Tuesday as it is currently trading at $45.51, above its previous 52-week high of $45.38 with 120,932 shares traded as of 12:15 p.m. ET. Average volume has been 235,600 shares over the past 30 days.

Cyberonics has a market cap of $1.21 billion and is part of the health care sector and health services industry. Shares are up 32.4% year to date as of the close of trading on Monday.

Cyberonics, Inc. engages in the design, development, marketing, and sale of implantable medical devices. The company has a P/E ratio of 34.6, equal to the average health services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Cyberonics as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, increase in net income and good cash flow from operations. 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 Cyberonics Ratings Report.

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