The health services industry closed the day down 4.5%. Gentiva Health Services Inc ( GTIV), World Heart Corporation ( WHRT), Fonar Corporation ( FONR), and Sun Healthcare Group Inc ( SUNH) were all decliners today within the health services industry with Boston Scientific Inc ( BSX) being today's featured health services loser. Boston Scientific Inc fell 39 cents (-6.6%) to $5.52 on average volume. Throughout the day, 20.1 million shares of Boston Scientific Inc exchanged hands as compared to its average daily volume of 18.3 million shares. Boston Scientific Corporation develops, manufactures, and markets medical devices used in various interventional medical specialties worldwide. Boston Scientific Inc has a market cap of $9.3 billion and is part of the health care sector. The company has a P/E ratio of 15.2, above the average health services industry P/E ratio of 14.9 and below the S&P 500 P/E ratio of 17.7. Shares are down 21.9% year to date as of the close of trading on Friday. TheStreet Ratings rates Boston Scientific as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and solid stock price performance. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet.
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