The health care sector closed the day down 1%. Cormedix Inc ( CRMD), Cyclacel Pharmaceuticals Inc ( CYCC), iBio Inc ( IBIO), and OxiGene Inc ( OXGN) were all winners today within the health care sector with Medtronic Inc ( MDT) being today's featured health care winner. Medtronic Inc rose 75 cents (2.3%) to $33.64 on average volume. Throughout the day, 7.8 million shares of Medtronic Inc exchanged hands as compared to its average daily volume of 7.7 million shares. Medtronic, Inc. manufactures and sells device-based medical therapies worldwide. Medtronic Inc has a market cap of $34.3 billion and is part of the health services industry. The company has a P/E ratio of 11.5, above the average health services industry P/E ratio of 11.3 and below the S&P 500 P/E ratio of 17.7. Shares are down 12.5% year to date as of the close of trading on Tuesday. 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.
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