Align Technology Reaches New 52-Week High (ALGN)

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) -- Align Technology (Nasdaq: ALGN) hit a new 52-week high Thursday as it is currently trading at $36.56, above its previous 52-week high of $36.10 with 91,378 shares traded as of 9:39 a.m. ET. Average volume has been 1.2 million shares over the past 30 days.

Align Technology has a market cap of $2.86 billion and is part of the health care sector and health services industry. Shares are up 48.3% year to date as of the close of trading on Wednesday.

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 32.3, 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. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Align Technology Ratings Report.

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