Community Health Systems Reaches New 52-Week High (CYH)
Community Health Systems (NYSE:CYH) hit a new 52-week high Tuesday as it is currently trading at $28.96, above its previous 52-week high of $28.88 with 128,193 shares traded as of 10:19 a.m. ET. Average volume has been 1.5 million shares over the past 30 days.
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) -- Community Health Systems (NYSE: CYH) hit a new 52-week high Tuesday as it is currently trading at $28.96, above its previous 52-week high of $28.88 with 128,193 shares traded as of 10:19 a.m. ET. Average volume has been 1.5 million shares over the past 30 days. Community Health Systems has a market cap of $2.6 billion and is part of the health care sector and health services industry. Shares are up 63.8% year to date as of the close of trading on Monday. Community Health Systems, Inc., together with its subsidiaries, provides general and specialized hospital healthcare services to patients in the United States. The company has a P/E ratio of 9.4, below the average health services industry P/E ratio of 12 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Community Health Systems as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, revenue growth, attractive valuation levels and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Community Health Systems Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.