Monday, November 25, 2013

3 Medical Devices Stocks to Sell Now

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This week, the overall grades of three medical devices stocks are lower, according to the Portfolio Grader database. Each of these rates a “D” (“sell”) or “F” overall (“strong sell”).

This week, Given Imaging () falls to a D (“sell”), worse than last week’s grade of C (“hold”). Given Imaging has developed a proprietary wireless imaging system that allows a medical professional to examine the gastrointestinal tract. In Portfolio Grader’s specific subcategory of Earnings Surprise, GIVN also gets an F. The stock currently has a trailing PE Ratio of 41.20. .

Greatbatch, Inc. () gets weaker ratings this week as last week’s C drops to a D. Greatbatch develops and manufactures power sources, feedthroughs, and wet tantalum capacitors used in implantable medical devices. The stock gets F’s in Earnings Growth, Earnings Momentum, and Margin Growth. The trailing PE Ratio for the stock is 48.60. .

Tornier NV’s () rating falls this week to an F (“strong sell”), down from last week’s D (“sell”). Tornier designs, outsources the manufacture of and markets orthopedic products. The stock gets F’s in Earnings Momentum and Earnings Revisions. The stock price has fallen 20.8% over the past month, worse than the 1.3% decrease the Nasdaq has seen over the same period of time. .

Louis Navellier’s proprietary Portfolio Grader stock ranking system assesses roughly 5,000 companies every week based on a number of fundamental and quantitative measures. Stocks are given a letter grade based on their results — with A being “strong buy,” and F being “strong sell.” Explore the tool here.

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