Cubist Stock Hits New 52-Week High (CBST)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK ( TheStreet) -- Cubist Pharmaceuticals (Nasdaq: CBST) hit a new 52-week high Monday as it is currently trading at $46.08, above its previous 52-week high of $46 with 277,727 shares traded as of 11:19 a.m. ET. Average volume has been 810,100 shares over the past 30 days.

Cubist has a market cap of $2.83 billion and is part of the health care sector and drugs industry. Shares are up 15.2% year to date as of the close of trading on Friday.

Cubist Pharmaceuticals, Inc., a biopharmaceutical company, focuses on the research, development, and commercialization of pharmaceutical products that address unmet medical needs in the acute care environment. The company has a P/E ratio of 29, below the average drugs industry P/E ratio of 30.1 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Cubist 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, solid stock price performance, reasonable valuation levels and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Cubist Ratings Report.

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