Bovie Medical Corporation (BVX): Today's Featured Health Care Loser - TheStreet

The

health care

sector closed the day up 1.7%.

World Heart Corporation

(

WHRT

),

Telik Inc

(

TELK

),

Fonar Corporation

(

FONR

), and

Cormedix Inc

(

CRMD

) were all decliners today within the health care sector with

Bovie Medical Corporation

(

BVX

) being today's featured health care loser. Bovie Medical Corporation fell 8 cents (-2.7%) to $2.90 on light volume. Throughout the day, 9,260 shares of Bovie Medical Corporation exchanged hands as compared to its average daily volume of 20,100 shares.

Bovie Medical Corporation, a medical device company, engages in the development, manufacture, and marketing of medical products and devices with an emphasis on electrosurgical generators and electrosurgical disposables in the United States, Canada, and internationally. Bovie Medical Corporation has a market cap of $52 million and is part of the

health services

industry. Shares are down 11.5% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Bovie Medical as a

sell

. Among the areas we feel are negative, one of the most important has been an overall disappointing return on equity.

On the positive front,

Tibet Pharmaceuticals Inc

(

TBET

),

Gentiva Health Services Inc

(

GTIV

),

NovaBay Pharmaceuticals Inc

(

NBY

), and

Echo Therapeutics Inc

(

ECTE

) were all gainers within the health care sector with

Valeant Pharmaceuticals International Inc

(

VRX

) being today's featured health care sector winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the health care sector could consider

Health Care Select Sector SPDR

(

XLV

) while those bearish on the health care sector could consider

ProShares Ultra Short Health Care

(

RXD

).

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