Life Reaches New 52-Week High (LIFE)

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 Thursday as it is currently trading at $54.60, above its previous 52-week high of $54.46 with 1.2 million shares traded as of 2:16 p.m. ET. Average volume has been 1.6 million shares over the past 30 days.

Life has a market cap of $9.32 billion and is part of the health care sector and health services industry. Shares are up 9.4% year to date as of the close of trading on Wednesday.

Life Technologies Corporation operates as a global life sciences company. The company has a P/E ratio of 23.7, above the S&P 500 P/E ratio of 17.7.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

TheStreet Ratings rates Life as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations, solid stock price performance, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Life 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.
null

If you liked this article you might like

7 Stocks Under $10 Making Big Moves Higher

7 Stocks Under $10 Making Big Moves Higher

These 5 Stocks Are Breaking Out

These 5 Stocks Are Breaking Out

5 Stocks With Big Insider Buying

5 Stocks With Big Insider Buying

Here’s A Reason aTyr Pharma (LIFE) Stock is Rising Today

Here’s A Reason aTyr Pharma (LIFE) Stock is Rising Today

5 Stocks Poised for Breakouts

5 Stocks Poised for Breakouts