The health services industry closed the day down 2.8%. IVAX Diagnostics Inc ( IVD), Pressure BioSciences Inc ( PBIO), Providence Service Corporation ( PRSC), and Neoprobe Corporation ( NEOP) were all decliners today within the health services industry with Medtronic Inc ( MDT) being today's featured health services loser. Medtronic Inc fell 65 cents (-2%) to $32.45 on light volume. Throughout the day, 4.3 million shares of Medtronic Inc exchanged hands as compared to its average daily volume of 7.6 million shares.

Medtronic, Inc. manufactures and sells device-based medical therapies worldwide. Medtronic Inc has a market cap of $34.5 billion and is part of the health care sector. The company has a P/E ratio of 11.4, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 11.9% year to date as of the close of trading on Friday.

TheStreet Ratings rates Medtronic as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we find that net income has been generally deteriorating over time.

On the positive front, Kips Bay Medical Inc ( KIPS), NeuroMetrix Inc ( NUROD), Solta Medical Inc ( SLTM), and Dynatronics Corporation ( DYNT) were all gainers within the health services industry with American Medical Alert ( AMAC) being today's featured health services industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the health services industry could consider Health Care Select Sector SPDR ( XLV) while those bearish on the health services industry could consider ProShares Ultra Short Health Care ( RXD).
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