Medical Supplies Stocks Under Scanner -- Baxter, DENTSPLY SIRONA, Skyline Medical, and Hill-Rom
NEW YORK, March 3, 2017 /PRNewswire/ --
Stock-Callers.com revisits the Medical Instruments and Supplies space which is engaged in the manufacture of a broad range of non-electromedical equipment. This diversity of product lines insulates companies, as well as the whole industry, from extreme volatility, as fluctuations in demand for any one specific product have only a limited impact on overall revenue. Equities in today's lineup are: Baxter International Inc. (NYSE: BAX), DENTSPLY SIRONA Inc. (NASDAQ: XRAY), Skyline Medical Inc. (NASDAQ: SKLN), and Hill-Rom Holdings Inc. (NYSE: HRC). You can access our complimentary research reports on these stocks now at:
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Baxter
Illinois headquartered Baxter International Inc.'s stock finished Thursday's session 0.86% lower at $50.77 with a total trading volume of 2.15 million shares. Over the last month and the previous three months, the Company's shares have advanced 6.24% and 14.05%, respectively. Additionally, the stock has gained 14.79% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 8.02% and 9.82%, respectively. Moreover, shares of Baxter International, which provides a portfolio of renal and hospital products, have a Relative Strength Index (RSI) of 75.49.
On February 28th, 2017, Baxter and ScinoPharm Taiwan, Ltd announced a strategic partnership to develop, manufacture, and commercialize five injectable drugs used in a range of cancer treatments, including lung cancer, multiple myeloma, and breast cancer, as well as medication to treat nausea and vomiting, common side effects of chemotherapy. The arrangement also provides Baxter the option to partner with ScinoPharm on as many as 15 additional injectable molecules. Visit us today and download your complete report on BAX for free at:
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DENTSPLY SIRONA
Shares in Pennsylvania headquartered DENTSPLY SIRONA Inc. declined 1.32%, ending yesterday's session at $63.65 with a total trading volume of 972,930 shares. The stock has gained 12.26% in the past month, 5.40% in the previous three months, and 10.25% on an YTD basis. The Company's shares are trading 8.34% above their 50-day moving average and 5.74% above their 200-day moving average. Moreover, shares of DENTSPLY SIRONA, which designs, develops, manufactures, and markets various consumable dental products for the professional dental market in the US and internationally, have an RSI of 70.00.
On February 17th, 2017, DENTSPLY reported net sales of $996.5 million for Q4 2016, up 48.5% compared to $671.1 million in Q4 2015. The Company's US reported net sales of $329.0 million increased 48.2% for Q4 2016 compared to $222.0 million in Q4 2015. Net income attributable to DENTSPLY for Q4 2016 was $107.0 million, or $0.46 per diluted share, compared to $58.6 million, or $0.41 per diluted share, in Q4 2015.
On February 21st, 2017, research firm Barrington Research downgraded the Company's stock rating from 'Outperform' to 'Market Perform'. The complimentary research report on XRAY can be accessed at:
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Skyline Medical
On Thursday, Minnesota-based Skyline Medical Inc.'s stock saw a drop of 8.98%, to close the day at $2.33. A total volume of 1.31 million shares was traded, which was above their three months average volume of 767,770 shares. The Company's shares have advanced 3.56% in the last one month. The stock is trading 6.54% below its 50-day moving average. Additionally, shares of Skyline Medical, which manufactures environmentally conscientious system for the collection and disposal of infectious fluids that result from surgical procedures and post-operative care in the US, have an RSI of 53.57.
On March 01st, 2017, Skyline Medical announced that it has received an Innovative Technology contract from Vizient, Inc. With an annual purchasing volume of almost $100 billion, Vizient is the largest, member-driven health care performance improvement Company in the country. Register for free on Stock-Callers.com and download the PDF research report on SKLN at:
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Hill-Rom
Shares in Illinois headquartered Hill-Rom Holdings Inc. ended the day 0.65% lower at $66.77 with a total trading volume of 289,037 shares. The stock has gained 13.42% in the last one month, 24.12% in the previous three months, and 18.93% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 11.31% and 19.11%, respectively. Furthermore, shares of Hill-Rom Holdings, which operates as a medical technology company worldwide, have an RSI of 76.04.
On February 08th, 2017, research firm Barclays initiated an 'Overweight' rating on the Company's stock, with a target price of $70 per share.
On February 14th, 2017, Hill-Rom Holdings announced that it has completed its acquisition of Mortara Instrument, Inc. for $330 million in cash, primarily financed through a private offering of $300 million of senior unsecured notes. Hill-Rom anticipates the structure of the acquisition will allow it to qualify for a significant tax benefit, which at a net present value of approximately $40 million reduces the effective purchase price to approximately $290 million. Get free access to your research report on HRC at:
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