Novo Nordisk A/S Reaches New 52-Week High (NVO)

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) -- Novo Nordisk A/S (NYSE: NVO) hit a new 52-week high Wednesday as it is currently trading at $185.24, above its previous 52-week high of $184.97 with 150,702 shares traded as of 3:35 p.m. ET. Average volume has been 377,500 shares over the past 30 days.

Novo Nordisk A/S has a market cap of $105.57 billion and is part of the health care sector and drugs industry. Shares are up 11.5% year to date as of the close of trading on Tuesday.

Novo Nordisk A/S, a healthcare company, engages in the discovery, development, manufacture, and marketing of pharmaceutical products in Denmark and internationally. The company operates in two segments, Diabetes Care and Biopharmaceuticals. The company has a P/E ratio of four, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Novo Nordisk A/S 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, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Novo Nordisk A/S Ratings Report.

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