AthenaHealth Rises On Unusually High Volume (ATHN)

NEW YORK ( TheStreet) -- AthenaHealth (Nasdaq: ATHN) is trading at unusually high volume Friday with 1.9 million shares changing hands. It is currently at four times its average daily volume and trading up $6.45 (+7.4%) at $93.63 as of 2:25 p.m. ET.

AthenaHealth has a market cap of $3.17 billion and is part of the services sector and diversified services industry. Shares are up 77.5% year to date as of the close of trading on Thursday.

athenahealth, Inc., a business services company, provides ongoing billing, clinical-related, and other related services to medical group practices primarily in the United States. The company provides services through the athenaNet, a proprietary Internet-based practice management application. The company has a P/E ratio of 170, below the average diversified services industry P/E ratio of 173.3 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates AthenaHealth as a hold. 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 and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, disappointing return on equity and premium valuation. You can view the full AthenaHealth Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.