The Pro Medicus (ASX:PME) share price is up 23% in 2021: Can it go higher?

The Pro Medicus Limited (ASX: PME) share price is edging lower with the market on Thursday.

In afternoon trade, the health imaging company’s shares are down 0.5% to $43.11.

However, despite this, the Pro Medicus share price is still up a sizeable 23% since the start of the year.

Why is the Pro Medicus share price up 23% in 2021?

Investors have been fighting to get hold of the company’s shares this year thanks to a solid half year result, a series of major new contract wins, and a bullish broker note.

In respect to its first half performance, for the six months ended 31 December, Pro Medicus reported a 7.8% increase in revenue to $31.6 million and a 29% (constant currency) increase in underlying profit before tax to $19.7…