Trade-Ideas LLC identified

Cooper Companies

(

COO

) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Cooper Companies as such a stock due to the following factors:

  • COO has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $72.9 million.
  • COO has traded 267,315 shares today.
  • COO is trading at 29.23 times the normal volume for the stock at this time of day.
  • COO is trading at a new high 5.14% above yesterday's close.

'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.

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More details on COO:

The Cooper Companies, Inc. operates as a medical device company worldwide. The stock currently has a dividend yield of 0%. COO has a PE ratio of 35. Currently there are 7 analysts that rate Cooper Companies a buy, no analysts rate it a sell, and 4 rate it a hold.

The average volume for Cooper Companies has been 523,500 shares per day over the past 30 days. Cooper Companies has a market cap of $6.9 billion and is part of the health care sector and health services industry. The stock has a beta of 0.41 and a short float of 5.8% with 5.28 days to cover. Shares are up 8.1% year-to-date as of the close of trading on Thursday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Cooper Companies as a

hold

. The company's strengths can be seen in multiple areas, such as its increase in net income, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and a generally disappointing performance in the stock itself.

Highlights from the ratings report include:

  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Health Care Equipment & Supplies industry. The net income increased by 19.1% when compared to the same quarter one year prior, going from $30.79 million to $36.68 million.
  • The current debt-to-equity ratio, 0.51, is low and is below the industry average, implying that there has been successful management of debt levels. Despite the fact that COO's debt-to-equity ratio is low, the quick ratio, which is currently 0.53, displays a potential problem in covering short-term cash needs.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. When compared to other companies in the Health Care Equipment & Supplies industry and the overall market, COOPER COMPANIES INC's return on equity is below that of both the industry average and the S&P 500.
  • Net operating cash flow has decreased to $104.52 million or 31.26% when compared to the same quarter last year. In addition, when comparing the cash generation rate to the industry average, the firm's growth is significantly lower.

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