Life Technologies (Nasdaq:LIFE) hit a new 52-week high Friday as it is currently trading at $50.88, above its previous 52-week high of $50.84 with 98,844 shares traded as of 10:20 a.m. ET. Average volume has been 1.6 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) -- Life Technologies (Nasdaq: LIFE) hit a new 52-week high Friday as it is currently trading at $50.88, above its previous 52-week high of $50.84 with 98,844 shares traded as of 10:20 a.m. ET. Average volume has been 1.6 million shares over the past 30 days. Life has a market cap of $8.64 billion and is part of the health care sector and health services industry. Shares are up 26.7% year to date as of the close of trading on Thursday. Life Technologies Corporation operates as a global life sciences company. The company has a P/E ratio of 20.3, below the average health services industry P/E ratio of 20.4 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Life as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and attractive valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Life 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.