ResMed Inc. (RMD): Today's Featured Health Services Laggard
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our modelResMed (RMD) pushed the Health Services industry lower today making it today's featured Health Services laggard. The industry as a whole closed the day up 0.4%. By the end of trading, ResMed fell $1.19 (-2.5%) to $45.54 on heavy volume. Throughout the day, 2,674,295 shares of ResMed exchanged hands as compared to its average daily volume of 1,040,600 shares. The stock ranged in price between $44.89-$46.50 after having opened the day at $46.36 as compared to the previous trading day's close of $46.73. Other companies within the Health Services industry that declined today were: Urologix (ULGX), down 25.0%, ERBA Diagnostics (ERB), down 5.9%, Iridex Corporation (IRIX), down 5.5% and Oculus Innovative (OCLS), down 5.4%.
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