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) -- Covance (NYSE: CVD) hit a new 52-week high Tuesday as it is currently trading at $70.23, above its previous 52-week high of $69.80 with 405,281 shares traded as of 3:21 p.m. ET. Average volume has been 480,500 shares over the past 30 days. Covance has a market cap of $3.8 billion and is part of the health care sector and health services industry. Shares are up 20.3% year to date as of the close of trading on Monday. Covance Inc., a drug development services company, provides various early-stage and late-stage product development services primarily to the pharmaceutical, biotechnology, and medical device industries primarily in the United States and Europe. The company has a P/E ratio of 41, above the S&P 500 P/E ratio of 17.7.
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