Edwards Life Reaches New 52-Week High (EW)

NEW YORK ( TheStreet) -- Edwards Life (NYSE: EW) hit a new 52-week high Wednesday as it is currently trading at $105.15, above its previous 52-week high of $105 with 400,421 shares traded as of 9:45 a.m. ET. Average volume has been one million shares over the past 30 days.

Edwards Life has a market cap of $11.58 billion and is part of the health care sector and health services industry. Shares are up 39.5% year to date as of the close of trading on Tuesday.

Edwards Lifesciences Corporation provides products and technologies to treat advanced cardiovascular diseases or critically ill patients worldwide. The company has a P/E ratio of 49.3, below the average health services industry P/E ratio of 50.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Edwards Life 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, growth in earnings per share, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Edwards Life Ratings Report.

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