The health services industry closed the day down 2.8%. Kips Bay Medical Inc ( KIPS), NeuroMetrix Inc ( NUROD), Solta Medical Inc ( SLTM), and Dynatronics Corporation ( DYNT) were all winners today within the health services industry with American Medical Alert ( AMAC) being today's featured health services winner. American Medical Alert rose 5 cents (0.6%) to $8.48 on light volume. Throughout the day, 61,420 shares of American Medical Alert exchanged hands as compared to its average daily volume of 93,800 shares. American Medical Alert Corp. provides healthcare communication and monitoring services. It operates in two segments, Health Safety and Monitoring Services (HSMS) and Telephony Based Communication Services (TBCS). American Medical Alert has a market cap of $80.7 million and is part of the health care sector. The company has a P/E ratio of 49.5, below the average health services industry P/E ratio of 52.6 and above the S&P 500 P/E ratio of 17.7. Shares are up 37.3% year to date as of the close of trading on Friday. TheStreet Ratings rates American Medical Alert 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, good cash flow from operations, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.
Shares of American Medical Alert (Nasdaq:AMAC) have taken a tremendous swing upward. The stock is trading at $8.25 as of 9:30 a.m. ET, 45% above Thursday's closing price of $5.69. Volume is at 360,859, 32.8 times the daily average of 11,000.