Technical Roundup on Medical Appliances & Equipment Stocks -- Zimmer Biomet, Stryker, ABIOMED, and Spectranetics

Aug 18, 2016, 08:31 ET from Chelmsford Park SA

NEW YORK, August 18, 2016 /PRNewswire/ -- is currently focused on the Medical Appliances and Equipment segment, which includes companies that manufacture medical supplies such as surgical and medical instruments, dental equipment, and surgical appliances. According to IBISWorld, global revenue of this industry is about $350 billion. Let us take a look at today's lineup: Zimmer Biomet Holdings Inc. (NYSE: ZBH), Stryker Corp. (NYSE: SYK), ABIOMED Inc. (NASDAQ: ABMD), and The Spectranetics Corp. (NASDAQ: SPNC). Sign up today and download for free the research reports for the stocks covered today at:

Zimmer Biomet Holdings  

On Wednesday, shares in Warsaw, Indiana headquartered Zimmer Biomet Holdings Inc. recorded a trading volume of 1.41 million shares. The stock ended the day at $127.78, which was a slight drop of 0.41%. The Company's shares have gained 2.62% in the last one month, 7.76% over the previous three months, and 25.09% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 3.37% and 16.41%, respectively. Furthermore, shares of Zimmer Biomet Holdings, which together with its subsidiaries, provides musculoskeletal healthcare products and solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific, have a Relative Strength Index (RSI) of 51.75.

On August 11th, 2016, research firm SunTrust initiated a 'Buy' rating on the Company's stock, issuing a target price of $155 per share.

On August 15th, 2016, the company announced the acquisition of CD Diagnostics, a fully-integrated, Delaware-based diagnostics company focused on developing immunoassays and biomarker testing to inform treatment decisions that improve patient outcomes. The financial terms of the transaction were not disclosed. ZBH complete research report is just a click away at:


Kalamazoo, Michigan headquartered Stryker Corp.'s stock finished yesterday's session 0.29% lower at $113.15 and with a total volume of 1.10 million shares traded. The Company's shares have gained 3.34% over the previous three months and 22.59% on an YTD basis. The stock is trading above its 200-day moving average by 8.10%. Furthermore, shares of Stryker, which together with its subsidiaries, operates as a medical technology company, have an RSI of 33.83.

On July 27th, 2016, Stryker announced that its Board of Directors has declared a quarterly dividend of $0.38 per share payable on October 31st, 2016 to shareholders of record at the close of business on September 30th, 2016, representing an increase of 10% versus the prior year. The complimentary report on SYK can be downloaded at:


At the closing bell, shares in Danvers, Massachusetts headquartered ABIOMED Inc. saw a slight decline of 0.57%, ending the day at $121.76. The stock recorded a trading volume of 261,279 shares. The Company's shares have advanced 4.43% in the last one month, 28.09% in the previous three months, and 34.87% since the start of this year. The stock is trading 8.27% above its 50-day moving average and 29.17% above its 200-day moving average. Moreover, shares of ABIOMED, which engages in the research, development, and sale of medical devices to assist or replace the pumping function of the failing heart, have an RSI of 63.30.

On July 28th, 2016, Abiomed reported Q1 FY17 revenue of $103.0 million, an increase of 40% compared to revenue of $73.4 million for Q1 FY16. Q1 FY17 GAAP net income was $12.9 million, or $0.29 per diluted share, compared to GAAP net income of $8.9 million, or $0.20 per diluted share, for the prior year period. Sign up for your complimentary report on ABMD at:

The Spectranetics  

Colorado Springs, Colorado headquartered The Spectranetics Corp.'s stock ended the day 0.16% lower at $24.78 and with a total volume of 295,538 shares traded. The Company's shares have gained 21.29% in the last month, 47.76% over the previous three months, and 64.54% on an YTD basis. The stock is trading 19.00% above its 50-day moving average and 51.22% above its 200-day moving average. Additionally, shares of The Spectranetics, which together with its subsidiaries, develops, manufactures, markets, and distributes single-use medical devices used in minimally invasive procedures in the cardiovascular system, have an RSI of 66.93.

On August 09th, 2016, research firm Needham downgraded the Company's stock rating from 'Strong Buy' to 'Buy', issuing a target price of $27 per share.

On August 10th, 2016, Spectranetics announced receipt of CE marking for the AngioSculptX Drug-coated PTCA Scoring Balloon Catheter. AngioSculptX is a first-of-its-kind device, combining the proven AngioSculpt PTCA scoring balloon catheter with a drug coating. It is indicated for the treatment of hemodynamically significant coronary artery stenosis, including in-stent restenosis. As part of the original acquisition of AngioScore, Inc., there is a $5 million milestone payment related to receiving CE mark for AngioSculptX that the company expects to pay in Q3. Download the research report for free on SPNC at:


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