5 Medical Devices Stocks to Sell Now

by Portfolio Grader | January 14, 2013 10:00 am

This week, the overall grades of five Medical Devices stocks are lower, according to the Portfolio Grader[1] database. Each of these rates a “D” (“sell”) or “F” overall (“strong sell”).

This week, Orthofix (NASDAQ:OFIX[2]) falls to a D (“sell”), worse than last week’s grade of C (“hold”). Orthofix International N. V. is a global medical device company offering a line of surgical and non-surgical products mainly in the spine, orthopedics, sports medicine and vascular market sectors. For Portfolio Grader’s specific subcategory of Earnings Momentum, OFIX also gets an F. For a full analysis of OFIX stock, visit Portfolio Grader[3].

This week, Abiomed (NASDAQ:ABMD[4]) drops from C to a D rating. Abiomed provides medical devices in circulatory support and it offers a continuum of care in heart recovery to acute heart failure patients. As of Jan. 14, 2013, 21.6% of outstanding Abiomed shares were held short. The stock has a trailing PE Ratio of 35.00. To get an in-depth look at ABMD, get Portfolio Grader’s complete analysis of ABMD stock[5].

St. Jude Medical (NYSE:STJ[6]) earns a D this week, moving down from last week’s grade of C. St. Jude Medical makes and distributes cardiovascular medical devices. For more information, get Portfolio Grader’s complete analysis of STJ stock[7].

Slipping from C to a D rating, Align Technology (NASDAQ:ALGN[8]) takes a hit this week. Align Technology designs, manufactures, and markets the Invisalign system, which is a proprietary method for treating aligning teeth. The stock also gets an F in Earnings Growth. As of Jan. 14, 2013, 11.2% of outstanding Align Technology shares were held short. The trailing PE Ratio for the stock is 30.40. For a full analysis of ALGN stock, visit Portfolio Grader[9].

Dentsply International (NASDAQ:XRAY[10]) experiences a ratings drop this week, going from last week’s C to a D. Dentsply International designs and manufactures a range of dental products. The stock’s trailing PE Ratio is 25.30. For more information, get Portfolio Grader’s complete analysis of XRAY stock[11].

Louis Navellier’s proprietary Portfolio Grader[12] 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[13].

Source URL: https://investorplace.com/2013/01/5-medical-devices-stocks-to-sell-now-ofix-abmd-stj/

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