Thermo Fisher Scientific Stock Hits New 52-Week High (TMO)

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) -- Thermo Fisher Scientific (NYSE: TMO) hit a new 52-week high Thursday as it is currently trading at $62.95, above its previous 52-week high of $62.94 with 121,823 shares traded as of 9:51 a.m. ET. Average volume has been 1.9 million shares over the past 30 days.

Thermo Fisher Scientific has a market cap of $22.4 billion and is part of the health care sector and health services industry. Shares are up 38.3% year to date as of the close of trading on Wednesday.

Thermo Fisher Scientific, Inc. provides analytical instruments, equipment, reagents and consumables, software, and services for research, manufacture, analysis, discovery, and diagnostics. The company has a P/E ratio of 19.9, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Thermo Fisher Scientific as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and increase in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Thermo Fisher Scientific Ratings Report.

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