The health care sector closed the day down 2.8%. Escalon Medical Corporation ( ESMC), Tengion Inc ( TNGN), Cardium Therapeutics Inc ( CXM), and Pressure BioSciences Inc ( PBIO) were all winners today within the health care sector with Neogen Corporation ( NEOG) being today's featured health care winner. Neogen Corporation rose $1.09 (3.3%) to $33.97 on heavy volume. Throughout the day, 431,976 shares of Neogen Corporation exchanged hands as compared to its average daily volume of 129,900 shares. Neogen Corporation, together with its subsidiaries, develops, manufactures, and markets various products for food and animal safety worldwide. Neogen Corporation has a market cap of $829.8 million and is part of the drugs industry. The company has a P/E ratio of 37.1, equal to the average drugs industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are down 13.3% year to date as of the close of trading on Tuesday. TheStreet Ratings rates Neogen 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, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.
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