AthenaHealth Stock Gaps Up On Today's Open (ATHN)

NEW YORK ( TheStreet) -- Shares of AthenaHealth (Nasdaq: ATHN) were gapping up Friday morning with an open price 15.8% higher than Thursday's closing price. The stock closed at $91.57 Thursday and opened today's trading at $106.03.

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The average volume for AthenaHealth has been 408,500 shares per day over the past 30 days. AthenaHealth has a market cap of $3.27 billion and is part of the services sector and diversified services industry. Shares are up 21.5% year to date as of the close of trading on Thursday.

athenahealth, Inc., a business services company, provides ongoing billing, clinical-related, and other related services to medical group practices primarily in the United States. The company provides services through the athenaNet, a proprietary Internet-based practice management application.

TheStreet Ratings rates AthenaHealth as a hold. 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 and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and premium valuation. You can view the full AthenaHealth Ratings Report.

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