Conceptus Stock Falls On Unusually High Volume (CPTS)

NEW YORK ( TheStreet) -- Conceptus (Nasdaq: CPTS) is trading at unusually high volume Thursday with 874,892 shares changing hands. It is currently at 4.3 times its average daily volume and trading down 25 cents (-2%) at $11.95 as of 2:34 p.m. ET.

Conceptus has a market cap of $374.9 million and is part of the health care sector and health services industry. Shares are down 11.6% year to date as of the close of trading on Wednesday.

Conceptus, Inc. designs, develops, and markets minimally invasive devices for reproductive medical applications primarily in the United States, France, and Europe. The company has a P/E ratio of 4.9, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Conceptus as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Conceptus Ratings Report.

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