The health services industry closed the day up 1.4%. World Heart Corporation ( WHRT), Fonar Corporation ( FONR), American Caresource Holdings Inc ( ANCI), and Spherix Inc ( SPEXD) were all decliners today within the health services industry with PHC Inc ( PHC) being today's featured health services loser. PHC Inc fell 10 cents (-4.4%) to $2.15 on light volume. Throughout the day, 6,280 shares of PHC Inc exchanged hands as compared to its average daily volume of 60,300 shares. PHC, Inc., through its subsidiaries, provides behavioral health services through inpatient and outpatient facilities in the United States. PHC Inc has a market cap of $42 million and is part of the health care sector. The company has a P/E ratio of 74.6, equal to the average health services industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 35.1% year to date as of the close of trading on Wednesday. TheStreet Ratings rates PHC as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.
Shares of PHC (AMEX:PHC) have taken a tremendous swing upward. The stock is trading at $3.66 as of 10:12 a.m. ET, 22% above Monday's closing price of $3. Volume is at 403,889, 8.1 times the daily average of 49,800.