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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) -- Health Management Associates (NYSE: HMA) hit a new 52-week high Friday as it is currently trading at $11.42, above its previous 52-week high of $11.40 with 1.3 million shares traded as of 2:50 p.m. ET. Average volume has been 4.7 million shares over the past 30 days. Health Management Associates has a market cap of $2.87 billion and is part of the health care sector and health services industry. Shares are up 21.4% year to date as of the close of trading on Thursday. Health Management Associates, Inc., through its subsidiaries, engages in the operation of general acute care hospitals and other health care facilities in non-urban communities in the United States. The company has a P/E ratio of 16.7, below the S&P 500 P/E ratio of 17.7.