AthenaHealth Stock Hits New 52-Week High (ATHN)

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) -- AthenaHealth (Nasdaq: ATHN) hit a new 52-week high Friday as it is currently trading at $98.60, above its previous 52-week high of $98.24 with 204,649 shares traded as of 12:21 p.m. ET. Average volume has been 431,900 shares over the past 30 days.

AthenaHealth has a market cap of $3.53 billion and is part of the services sector and diversified services industry. Shares are up 31.7% year to date as of the close of trading on Thursday.

athenahealth, Inc., a business services company, provides ongoing billing, clinical-related, and other related services to medical group practices primarily in the United States. The company provides services through the athenaNet, a proprietary Internet-based practice management application. The company has a P/E ratio of 194.4, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates AthenaHealth as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full AthenaHealth Ratings Report.

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