Stryker Corporation (NYSE:SYK) hit a new 52-week high Monday as it is currently trading at $57.20, above its previous 52-week high of $57.15 with 1.1 million shares traded as of 3 p.m. ET. Average volume has been two 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) -- Stryker Corporation (NYSE: SYK) hit a new 52-week high Monday as it is currently trading at $57.20, above its previous 52-week high of $57.15 with 1.1 million shares traded as of 3 p.m. ET. Average volume has been two million shares over the past 30 days. Stryker has a market cap of $21.34 billion and is part of the health care sector and health services industry. Shares are up 3.5% year to date as of the close of trading on Friday. Stryker Corporation, together with its subsidiaries, operates as a medical technology company. The company operates in three segments: Reconstructive, MedSurg, and Neurotechnology and Spine. The company has a P/E ratio of 15.1, below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Stryker 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, increase in stock price during the past year, growth in earnings per share and reasonable 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 Stryker Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.