The health care sector closed the day down 4.9%. Pharmaceutical Product Development Inc ( PPDI), Medicines ( MDCO), Emergent BioSolutions Incorporated ( EBS), and EntreMed Inc ( ENMD) were all winners today within the health care sector with Mindray Medical International ( MR) being today's featured health care winner. Mindray Medical International rose 21 cents (0.9%) to $23.82 on average volume. Throughout the day, 511,733 shares of Mindray Medical International exchanged hands as compared to its average daily volume of 641,000 shares. Mindray Medical International Limited, through its subsidiary, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., develops, manufactures, and markets medical devices worldwide. Mindray Medical International has a market cap of $2.8 billion and is part of the health services industry. The company has a P/E ratio of 19.2, above the average health services industry P/E ratio of 18.3 and above the S&P 500 P/E ratio of 17.7. Shares are down 10.6% year to date as of the close of trading on Friday. TheStreet Ratings rates Mindray Medical International 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, growth in earnings per share, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
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