Align Technology Reaches New 52-Week High (ALGN)

NEW YORK ( TheStreet) -- Align Technology (Nasdaq: ALGN) hit a new 52-week high Friday as it is currently trading at $35.95, above its previous 52-week high of $35.56 with 310,224 shares traded as of 10 a.m. ET. Average volume has been 1.2 million shares over the past 30 days.

Align Technology has a market cap of $2.75 billion and is part of the health care sector and health services industry. Shares are up 47.5% year to date as of the close of trading on Thursday.

Align Technology, Inc. designs, manufactures, and markets the invisalign system for treating malocclusion or the misalignment of teeth. Invisalign corrects malocclusion using a series of clear, nearly invisible, removable appliances that gently move teeth to a desired final position. The company has a P/E ratio of 31.4, 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 Align Technology as a buy. 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, compelling growth in net income, solid stock price performance and impressive record of earnings per share growth. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Align Technology Ratings Report.

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