Bristol-Myers Squibb Reaches New 52-Week High (BMY)

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) -- Bristol-Myers Squibb Company (NYSE: BMY) hit a new 52-week high Wednesday as it is currently trading at $42.99, above its previous 52-week high of $42.87 with three million shares traded as of 10:20 a.m. ET. Average volume has been 9.1 million shares over the past 30 days.

Bristol-Myers Squibb has a market cap of $67.25 billion and is part of the health care sector and drugs industry. Shares are up 29.5% year to date as of the close of trading on Tuesday.

Bristol-Myers Squibb Company, a biopharmaceutical company, discovers, develops, licenses, manufactures, markets, distributes, and sells biopharmaceutical products that help patients prevail over serious diseases worldwide. The company has a P/E ratio of 46, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Bristol-Myers Squibb as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Bristol-Myers Squibb Ratings Report.

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