Gilead (Nasdaq:GILD) hit a new 52-week high Friday as it is currently trading at $40.53, above its previous 52-week high of $40.39 with 3.4 million shares traded as of 11:16 a.m. ET. Average volume has been 11.7 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) -- Gilead (Nasdaq: GILD) hit a new 52-week high Friday as it is currently trading at $40.53, above its previous 52-week high of $40.39 with 3.4 million shares traded as of 11:16 a.m. ET. Average volume has been 11.7 million shares over the past 30 days. Gilead has a market cap of $60.38 billion and is part of the health care sector and drugs industry. Shares are up 8.5% year to date as of the close of trading on Thursday. Gilead Sciences, Inc., a biopharmaceutical company, discovers, develops, and commercializes human therapeutics for the treatment of life threatening diseases worldwide. The company has a P/E ratio of 24.8, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Gilead as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, reasonable valuation levels, 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 Gilead Ratings Report. See all 52-week high stocks 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.