3 Medical Devices Stocks to Sell Now

HNSN, PODD, ELOS slump in weekly rankings

   

The overall ratings of three Medical Devices stocks are down on Portfolio Grader this week. Each of these rates a “D” (“sell”) or “F” overall (“strong sell”).

Hansen Medical (NASDAQ:HNSN) earns an F (“strong sell”) this week, moving down from last week’s grade of D (“sell”). Hansen Medical develops and manufactures medical robotics designed for positioning, manipulation, and control of catheters and catheter-based technologies. In Portfolio Grader’s specific subcategories of Earnings Growth, Earnings Momentum, Equity, Cash Flow, and Sales Growth, HNSN also gets F’s. The stock price has dropped 23.9% over the past month, worse than 1% increase the Nasdaq has seen over the same period of time. As of August 6, 16.7% of outstanding Hansen Medical shares were held short. For a full analysis of HNSN stock, visit Portfolio Grader.

Insulet‘s (NASDAQ:PODD) rating falls to a D (“sell”) this week, down from C (“hold”) the week prior. Insulet is a medical device company that develops, manufactures and markets an insulin infusion system for people with insulin-dependent diabetes. The stock also gets an F in Equity. Investors seem to agree with the downgrade and have pushed down the share price 10.6% over the past month. As of August 6, 21.4% of outstanding Insulet shares were held short. For more information, get Portfolio Grader’s complete analysis of PODD stock.

This is a rough week for Syneron Medical (NASDAQ:ELOS). The company’s rating falls to D from the previous week’s C. Syneron Medical designs, develops, and markets aesthetic medical products based on proprietary Electro-Optical Synergy technologies. The stock gets F’s in Earnings Revisions, Equity, and Cash Flow. For a full analysis of ELOS stock, visit Portfolio Grader.

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.


Article printed from InvestorPlace Media, http://investorplace.com/2012/08/3-medical-devices-stocks-to-sell-now-hnsn-podd-elos-2/.

©2013 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.