Celgene Corporation (Nasdaq:CELG) hit a new 52-week high Wednesday as it is currently trading at $119.21, above its previous 52-week high of $118.78 with 648,146 shares traded as of 11:01 a.m. ET. Average volume has been 3.4 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) -- Celgene Corporation (Nasdaq: CELG) hit a new 52-week high Wednesday as it is currently trading at $119.21, above its previous 52-week high of $118.78 with 648,146 shares traded as of 11:01 a.m. ET. Average volume has been 3.4 million shares over the past 30 days. Celgene has a market cap of $48.88 billion and is part of the health care sector and drugs industry. Shares are up 48.6% year to date as of the close of trading on Tuesday. Celgene Corporation, a biopharmaceutical company, engages in the discovery, development, and commercialization of various therapies to treat cancer and immune-inflammatory related diseases in the United States, Europe, and other countries. The company has a P/E ratio of 35.4, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Celgene as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Celgene 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.