AthenaHealth Rises On Unusually High Volume (ATHN)

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) -- AthenaHealth (Nasdaq: ATHN) is trading at unusually high volume Thursday with 1.1 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up $4.39 (+6.7%) at $70.10 as of 10:46 a.m. ET.

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AthenaHealth has a market cap of $2.36 billion and is part of the services sector and diversified services industry. Shares are up 32.3% year to date as of the close of trading on Wednesday.

athenahealth, Inc., a business services company, provides ongoing billing, clinical-related, and other related services to medical group practices primarily in the United States. The company provides services through the athenaNet, a proprietary Internet-based practice management application. The company has a P/E ratio of 130, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates AthenaHealth as a hold. 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 and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, premium valuation and weak operating cash flow. You can view the full AthenaHealth Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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