Celgene Stock Hits New 52-Week High (CELG)

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) -- Celgene Corporation (Nasdaq: CELG) hit a new 52-week high Friday as it is currently trading at $83.05, above its previous 52-week high of $82.78 with 930,257 shares traded as of 11:16 a.m. ET. Average volume has been 2.8 million shares over the past 30 days.

Celgene has a market cap of $34.3 billion and is part of the health care sector and drugs industry. Shares are up 3.4% year to date as of the close of trading on Thursday.

Celgene Corporation, a biopharmaceutical company, discovers, develops, and commercializes various therapies to treat cancer and immune-inflammatory related diseases primarily in the United States and Europe. The company has a P/E ratio of 22.5, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Celgene 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, notable return on equity, reasonable 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 Celgene Ratings Report.

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