Catamaran Stock Gaps Up On Today's Open (CTRX)

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 Catamaran (Nasdaq: CTRX) were gapping up Tuesday morning with an open price 13.7% higher than Monday's closing price. The stock closed at $48.66 Monday and opened today's trading at $55.31.

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The average volume for Catamaran has been 1.6 million shares per day over the past 30 days. Catamaran has a market cap of $10.36 billion and is part of the health care sector and health services industry. Shares are up 6.8% year to date as of the close of trading on Monday.

Catamaran Corporation provides pharmacy benefit management (PBM) services and healthcare information technology (HCIT) solutions to the healthcare benefits management industry in North America. The company operates in two segments: PBM and HCIT. The company has a P/E ratio of 68, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Catamaran as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, compelling growth in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Catamaran Ratings Report.

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