Tenet Healthcare Stock Gaps Up On Today's Open (THC)

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) -- Shares of Tenet Healthcare (NYSE: THC) were gapping up Monday morning with an open price 11% higher than Friday's closing price. The stock closed at $41.16 Friday and opened today's trading at $45.67.

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The average volume for Tenet Healthcare has been 1.9 million shares per day over the past 30 days. Tenet Healthcare has a market cap of $4.16 billion and is part of the health care sector and health services industry. Shares are up 26.8% year to date as of the close of trading on Friday.

Tenet Healthcare Corporation, an investor-owned health care services company, owns and operates acute care hospitals, ambulatory surgery centers, diagnostic imaging centers, urgent care centers, and related health care facilities in the United States. The company has a P/E ratio of 23.5, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Tenet Healthcare as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins. You can view the full Tenet Healthcare Ratings Report.

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