Cardinal Health Reaches New 52-Week High (CAH)

NEW YORK ( TheStreet) -- Cardinal Health (NYSE: CAH) hit a new 52-week high Thursday as it is currently trading at $49.10, above its previous 52-week high of $48.99 with 583,603 shares traded as of 10:55 a.m. ET. Average volume has been 2.8 million shares over the past 30 days.

Cardinal Health has a market cap of $16.41 billion and is part of the services sector and wholesale industry. Shares are up 18.5% year to date as of the close of trading on Wednesday.

Cardinal Health, Inc., a healthcare services company, provides pharmaceutical and medical products and services in the United States and internationally. The company operates in two segments, Pharmaceutical and Medical.

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TheStreet Ratings rates Cardinal Health as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, notable return on equity, good cash flow from operations 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 Cardinal Health Ratings Report.

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