4 Medical Devices Stocks to Buy Now

WWIN, SPNC, PHMD, ICUI improve in weekly rankings


Four Medical Devices stocks are moving up in their overall rating this week, according to the Portfolio Grader database. Every one of these is graded an “A” (“strong buy”) or “B” overall (“buy”).

This week, Winner Medical Group (NASDAQ:WWIN) is making solid headway. The company’s rating improves to an A (“strong buy”) from last week’s B (“buy”) rating. Winner Medical Group engages in the research, development, manufacture, and marketing of cotton-base medical dressings and medical disposables. For more information, get Portfolio Grader’s complete analysis of WWIN stock.

The rating of Spectranetics (NASDAQ:SPNC) moves up this week, rising from a B to an A. The Spectranetics Corporation develops, manufactures, markets and distributes single-use medical devices used in minimally invasive procedures within the cardiovascular system, many of which are used with its proprietary excimer laser system. Shares of SPNC have increased 14.2% over the past month, better than the 3% increase the Nasdaq has seen over the same period of time. Shares of the stock have been changing hands at an unusually rapid pace, up 411% from the week prior. For more information, get Portfolio Grader’s complete analysis of SPNC stock.

PhotoMedex (NASDAQ:PHMD) is making progress this week as its rating of C (“hold”) from last week increases to a B (“buy”) rating this week. PhotoMedex manufactures excimer laser and fiber-optic systems used to treat dermatological conditions such as psoriasis, vitiligo, atopic dermatitis, and leukoderma. Shares of the stock have been trading at an exceptionally rapid pace, up threefold from the week prior. The stock has a trailing PE Ratio of 3.40. For more information, get Portfolio Grader’s complete analysis of PHMD stock.

ICU Medical (NASDAQ:ICUI) is seeing ratings go up from a B last week to an A this week. ICU Medical develops, manufactures, and sells disposable medical connection systems for use in intravenous therapy applications. For more information, get Portfolio Grader’s complete analysis of ICUI stock.

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/2013/01/4-medical-devices-stocks-to-buy-now-wwin-spnc-phmd/.

©2017 InvestorPlace Media, LLC