Actavis (NYSE:ACT) hit a new 52-week high Friday as it is currently trading at $113.72, above its previous 52-week high of $110.50 with two million shares traded as of 12:26 p.m. ET. Average volume has been 1.2 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) -- Actavis (NYSE: ACT) hit a new 52-week high Friday as it is currently trading at $113.72, above its previous 52-week high of $110.50 with two million shares traded as of 12:26 p.m. ET. Average volume has been 1.2 million shares over the past 30 days. Actavis has a market cap of $13.71 billion and is part of the health care sector and drugs industry. Shares are up 24.2% year to date as of the close of trading on Thursday. Actavis, Inc., an integrated specialty pharmaceutical company, engages in developing, manufacturing, marketing, selling, and distributing generic, branded generic, brand, biosimilar, and over-the-counter pharmaceutical products worldwide.
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TheStreet Ratings rates Actavis as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Actavis Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.