AthenaHealth Stock Hits New 52-Week High (ATHN)

NEW YORK ( TheStreet) -- AthenaHealth (Nasdaq: ATHN) hit a new 52-week high Monday as it is currently trading at $111.04, above its previous 52-week high of $110 with 119,837 shares traded as of 10:05 a.m. ET. Average volume has been 411,200 shares over the past 30 days.

AthenaHealth has a market cap of $3.36 billion and is part of the services sector and diversified services industry. Shares are up 24.9% year to date as of the close of trading on Friday.

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.

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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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