PSS World Medical Inc. (PSSI): Today's Featured Wholesale Loser

PSS World Medical ( PSSI) pushed the Wholesale industry lower today making it today's featured Wholesale loser. The industry as a whole closed the day down 0.8%. By the end of trading, PSS World Medical fell $2.70 (-11.6%) to $20.66 on heavy volume. Throughout the day, 4.6 million shares of PSS World Medical exchanged hands as compared to its average daily volume of 468,100 shares. The stock ranged in price between $19.80-$22.80 after having opened the day at $21.75 as compared to the previous trading day's close of $23.36. Other company's within the Wholesale industry that declined today were: Westinghouse Solar ( WEST), down 54.5%, Edgen Group ( EDG), down 7.2%, Educational Development Corporation ( EDUC), down 6%, and China Metro-Rural Holdings ( CNR), down 4.8%.

PSS World Medical, Inc. distributes medical products and equipments, pharmaceutical products, healthcare information technology, physician dispensing solutions, and professional services to alternate-site healthcare providers in the United States. PSS World Medical has a market cap of $1.21 billion and is part of the services sector. The company has a P/E ratio of 17.1, equal to the average wholesale industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 2.5% year to date as of the close of trading on Wednesday. Currently there are three analysts that rate PSS World Medical a buy, one analyst rates it a sell, and three rate it a hold.

TheStreet Ratings rates PSS World Medical as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, Peerless Systems Corporation ( PRLS), up 6%, Hudson Technology ( HDSN), up 5.3%, Senomyx ( SNMX), up 4.7%, and China Auto Logistics ( CALI), up 4.3%, were all gainers within the wholesale industry with AmerisourceBergen ( ABC) being today's featured wholesale industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the wholesale industry could consider iShares Dow Jones US Cons Goods ( IYK) while those bearish on the wholesale industry could consider ProShares Ultra Sht Consumer Goods ( SZK).
null

If you liked this article you might like

PSS World Medical Stock Hits New 52-Week High (PSSI)

PSS World Medical Reaches New 52-Week High (PSSI)

PSS World Medical Stock Hits New 52-Week High (PSSI)

Stocks Finish With Mild Gains

3 Hot Stocks to Trade (or Not)