Align Technology Stock Hits New 52-Week High (ALGN)

NEW YORK ( TheStreet) -- Align Technology (Nasdaq: ALGN) hit a new 52-week high Friday as it is currently trading at $43.42, above its previous 52-week high of $40.50 with 186,741 shares traded as of 9:31 a.m. ET. Average volume has been 849,100 shares over the past 30 days.

Align Technology has a market cap of $3.17 billion and is part of the health care sector and health services industry. Shares are up 40.3% year to date as of the close of trading on Thursday.

Align Technology, Inc. operates as a medical device company primarily in the United States and internationally.

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TheStreet Ratings rates Align Technology as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full Align Technology Ratings Report.

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