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 model

.

WellPoint

(

WLP

) pushed the Health Services industry lower today making it today's featured Health Services laggard. The industry as a whole closed the day down 0.2%. By the end of trading, WellPoint fell 77 cents (-1.3%) to $58.49 on light volume. Throughout the day, 2.5 million shares of WellPoint exchanged hands as compared to its average daily volume of four million shares. The stock ranged in price between $58.30-$59.25 after having opened the day at $59.01 as compared to the previous trading day's close of $59.26. Other companies within the Health Services industry that declined today were:

Escalon Medical Corporation

(

ESMC

), down 23.8%,

Dehaier Medical Systems

(

DHRM

), down 21.2%,

Graymark Healthcare

(

GRMH

), down 15.9%, and

Concord Medical Services Holdings

(

CCM

), down 15.6%.

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WellPoint, Inc., through its subsidiaries, operates as a health benefits company in the United States. The company offers various network-based managed care plans to large and small employer, individual, Medicaid, and senior markets. WellPoint has a market cap of $19.17 billion and is part of the

health care

sector. The company has a P/E ratio of eight, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 11% year to date as of the close of trading on Friday. Currently there are nine analysts that rate WellPoint a buy, no analysts rate it a sell, and nine rate it a hold.

TheStreet Ratings rates WellPoint as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and growth in earnings per share. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front,

Spherix

(

SPEX

), up 17.5%,

Echo Therapeutics

(

ECTE

), up 8.6%,

Cryolife

(

CRY

), up 6.4%, and

Kips Bay Medical

(

KIPS

), up 5.8%, were all gainers within the health services industry with

Aetna

(

AET

) being today's featured health services industry leader.

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

Health Care Select Sector SPDR

(

XLV

) while those bearish on the health services industry could consider

ProShares Ultra Short Health Care

(

RXD

).

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