Catamaran Stock Hits New 52-Week High (CTRX)
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.
NEW YORK (TheStreet) -- Catamaran (CTRX">CTRX) hit a new 52-week high Monday as it is currently trading at $55.56, above its previous 52-week high of $55.54 with 515,973 shares traded as of 12:41 p.m. ET. Average volume has been 1.4 million shares over the past 30 days.
Catamaran has a market cap of $11.13 billion and is part of the technology sector and computer software & services industry. Shares are up 15.2% year to date as of the close of trading on Friday.
Catamaran Corporation provides pharmacy benefit management (PBM) services and healthcare information technology solutions to the healthcare benefits management industry in North America. The company has a P/E ratio of 78.6, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Catamaran as a buy. 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 solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Catamaran Ratings Report.