The health services industry closed the day down 1.9%. Healthways Inc ( HWAY), CHINA NUOKANG BIO-PHARMACEUTICAL Inc ( NKBP), ResMed Inc ( RMD), and Neostem Inc ( NBS) were all decliners today within the health services industry with Medtronic Inc ( MDT) being today's featured health services loser. Medtronic Inc fell 97 cents (-2.8%) to $33.73 on light volume. Throughout the day, 4.5 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 $36.2 billion and is part of the health care sector. The company has a P/E ratio of 11.9, 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 7.5% year to date as of the close of trading on Monday. 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 also find weaknesses including deteriorating net income and a generally disappointing performance in the stock itself.
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