Forest Laboratories (NYSE:FRX) hit a new 52-week high Tuesday as it is currently trading at $38.47, above its previous 52-week high of $38.45 with 156,881 shares traded as of 11:36 a.m. ET. Average volume has been 1.5 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) -- Forest Laboratories (NYSE: FRX) hit a new 52-week high Tuesday as it is currently trading at $38.47, above its previous 52-week high of $38.45 with 156,881 shares traded as of 11:36 a.m. ET. Average volume has been 1.5 million shares over the past 30 days. Forest has a market cap of $10.19 billion and is part of the health care sector and drugs industry. Shares are up 8% year to date as of the close of trading on Monday. Forest Laboratories, Inc. develops, manufactures, and sells branded forms of ethical drug products primarily in the United States and Europe. The company has a P/E ratio of 85, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Forest as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full Forest 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.