Stryker shares dip 7.6% in last 3 months: 4 things to know

Written by Mackenzie Garrity | April 10, 2018 | Print  |

Many spine and orthopedic device companies are witnessing declining share value as the industry has seen a 7.1 percent decline, according to Zacks.

Here's what you need to know.

1. In the first quarter of 2018, Stryker's shares declined 7.6 percent. Zacks Consensus Estimate puts each share around $7.82, a 0.1 percent drop.

2. Stryker has been struggling since the fourth quarter of 2017 when the company's adjusted gross margin fell flat year-over-year at 66.4 percent.

3. Stryker's spine business also experienced supply issues. The company expects supply issues may remain until later this year.

4. Currently, Zacks gives Stryker shares a sell rating. It noted the company's debt is now up to $7.2 billion.

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