Zimmer Stock Hits New 52-Week High (ZMH)

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) -- Zimmer Holdings (NYSE: ZMH) hit a new 52-week high Tuesday as it is currently trading at $67.79, above its previous 52-week high of $67.75 with 129,687 shares traded as of 10:05 a.m. ET. Average volume has been 1.2 million shares over the past 30 days.

Zimmer has a market cap of $11.66 billion and is part of the health care sector and health services industry. Shares are up 26.4% year to date as of the close of trading on Monday.

Zimmer Holdings, Inc., through its subsidiaries, engages in the design, development, manufacture, and marketing of orthopedic reconstructive devices, spinal and trauma devices, dental implants, and related surgical products in the Americas, Europe, and the Asia Pacific. The company has a P/E ratio of 15.8, above the average health services industry P/E ratio of 15.6 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Zimmer as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth, increase in net income, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Zimmer Ratings Report.

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