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) -- AmerisourceBergen (NYSE: ABC) hit a new 52-week high Thursday as it is currently trading at $47.44, above its previous 52-week high of $47.39 with 649,235 shares traded as of 1:30 p.m. ET. Average volume has been 2.3 million shares over the past 30 days. AmerisourceBergen has a market cap of $10.72 billion and is part of the services sector and wholesale industry. Shares are up 7.9% year to date as of the close of trading on Wednesday. AmerisourceBergen Corporation, a pharmaceutical services company, provides drug distribution and related services to healthcare providers and pharmaceutical manufacturers primarily in the United States and Canada. The company has a P/E ratio of 16.4, below the S&P 500 P/E ratio of 17.7.
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