The three worst medical device company stocks, which received either a “sell” or a “strong cell” rating, are:
• Wright Medical Group
• Exactech
• STAAR Surgical Company
Both Wright Medical Group and Exactech have “D” ratings — which are “sell” ratings this week, after receiving “hold” ratings last week. The report also advises Wright Medical Group received a “strong sell” rating for the Equity and Cash Flow subcategories from Portfolio Grader, and the company had 13.9 percent of outstanding shares held short on Christmas Eve.
However, Wright Medical’s sales were up 24 percent in the third quarter.
By the same token, Exactech has a “strong sell” rating on Earnings Surprise.
More articles on orthopedic devices:
12 key observations on orthopedic device company stock—Zimmer, Medtronic & Stryker
Zyga Technology raises $2M in equity-and-options round
Medtronic, K2M, Stryker & more—5 key notes
