AmerisourceBergen Stock Hits New 52-Week High (ABC)

NEW YORK ( TheStreet) -- AmerisourceBergen (NYSE: ABC) hit a new 52-week high Thursday as it is currently trading at $57.57, above its previous 52-week high of $56.91 with 278,032 shares traded as of 10 a.m. ET. Average volume has been 2.6 million shares over the past 30 days.

AmerisourceBergen has a market cap of $12.91 billion and is part of the services sector and wholesale industry. Shares are up 31% year to date as of the close of trading on Wednesday.

AmerisourceBergen Corporation, a pharmaceutical services company, provides drug distribution and related services to healthcare providers and pharmaceutical manufacturers primarily in the United States and Canada.

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TheStreet Ratings rates AmerisourceBergen as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, notable return on equity, good cash flow from operations, increase in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full AmerisourceBergen Ratings Report.

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