TMCnet News
Relatively High P/E Ratio Detected in Shares of Bovie Medical in the Health Care Equipment Industry (BVX, HOLX, TFX, ABAX, NUVA)Mar 12, 2013 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Health Care Equipment industry with the highest price to earnings (P/E) ratios. P/E is an important valuation tool when comparing companies in the same industry. A higher P/E ratio means that investors are paying more for each unit of net income, so the stock is more expensive compared to one with a lower P/E ratio.Bovie Medical ranks highest with a a P/E ratio of 85.67. Hologic is next with a a P/E ratio of 79.21. Teleflex ranks third highest with a a P/E ratio of 74.73. Abaxis follows with a a P/E ratio of 69.39, and NuVasive rounds out the top five with a a P/E ratio of 58.38. SmarTrend recommended that its subscribers protect gains by selling shares of Bovie Medical on November 14th, 2012 by issuing a Downtrend alert when the shares were trading at $3.11. Since that call, shares of Bovie Medical have fallen 19.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |