Laboratory Corporation Of America Rises On Unusually High Volume (LH)
Laboratory Corporation of America Holdings (NYSE:LH) is trading at unusually high volume Monday with 1.9 million shares changing hands. It is currently at 2.4 times its average daily volume and trading up $1.82 (+2%).
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) -- Laboratory Corporation of America Holdings (NYSE: LH) is trading at unusually high volume Monday with 1.9 million shares changing hands. It is currently at 2.4 times its average daily volume and trading up $1.82 (+2%) at $90.48 as of 2:20 p.m. ET.
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Laboratory Corporation of America has a market cap of $8.32 billion and is part of the health care sector and health services industry. Shares are up 1.6% year to date as of the close of trading on Friday. Laboratory Corporation of America Holdings operates as an independent clinical laboratory company in the United States. The company offers a range of testing services used by the medical profession in routine testing, patient diagnosis, and in the monitoring and treatment of diseases. The company has a P/E ratio of 14.5, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Laboratory Corporation of America as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, notable return on equity, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Laboratory Corporation of America Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.