TSC Ratings' Updates: Whole Foods

The following ratings changes were generated on Thursday, Nov. 6.

We've downgraded Enzon Pharmaceuticals(ENZN Quote) from hold to sell, driven by its deteriorating net income, disappointing return on equity, generally weak debt management, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

Net income decreased by 102.3% from the same quarter last year, to -$2.02 million. Return on equity also greatly decreased, a signal of major weakness within the corporation, underperforming both the S&P 500 and the biotechnology industry. The debt-to-equity ratio is very high at 7.20 and currently higher than the industry average, implying very poor management of debt levels within the company. However, the company has managed to keep a very strong quick ratio of 4.18, which shows the ability to cover short-term cash needs. ...