Tenet Healthcare Rises On Unusually High Volume (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) -- Tenet Healthcare (NYSE: THC) is trading at unusually high volume Monday with four million shares changing hands. It is currently at two times its average daily volume and trading up 89 cents (+2.1%) at $42.74 as of 12:36 p.m. ET.

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Tenet Healthcare has a market cap of $4.4 billion and is part of the health care sector and health services industry. Shares are up 28.9% 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 121.5, 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 revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and poor profit margins. You can view the full Tenet Healthcare Ratings Report.

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