The drugs industry closed the day down 0.9%. Agenus Inc ( AGEND), Agenus Inc ( AGEN), Telik Inc ( TELK), and Pacific Biosciences of California Inc ( PACB) were all decliners today within the drugs industry with Teva Pharmaceutical Industries ( TEVA) being today's featured drugs loser. Teva Pharmaceutical Industries fell 34 cents (-0.9%) to $39.11 on light volume. Throughout the day, 3.7 million shares of Teva Pharmaceutical Industries exchanged hands as compared to its average daily volume of 6.8 million shares. Teva Pharmaceutical Industries Limited, a pharmaceutical company, develops, produces, and markets generic drugs; and proprietary branded pharmaceuticals in various therapeutic categories and active pharmaceutical ingredients worldwide. Teva Pharmaceutical Industries has a market cap of $35 billion and is part of the health care sector. The company has a P/E ratio of 8.4, below the average drugs industry P/E ratio of 11.3 and below the S&P 500 P/E ratio of 17.7. Shares are down 24.6% year to date as of the close of trading on Tuesday. TheStreet Ratings rates Teva 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 also find weaknesses including unimpressive growth in net income and a generally disappointing performance in the stock itself.
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