WellCare Health Plans Inc. (WCG): Today's Featured Health Services Laggard

WellCare Health Plans ( WCG) pushed the Health Services industry lower today making it today's featured Health Services laggard. The industry as a whole closed the day down 0.4%. By the end of trading, WellCare Health Plans fell $1.44 (-2.6%) to $53.95 on average volume. Throughout the day, 1.1 million shares of WellCare Health Plans exchanged hands as compared to its average daily volume of 1.1 million shares. The stock ranged in price between $53.78-$55.62 after having opened the day at $55.40 as compared to the previous trading day's close of $55.39. Other companies within the Health Services industry that declined today were: Vision-Sciences Inc (DE ( VSCI), down 10.1%, Kips Bay Medical ( KIPS), down 8.8%, ERBA Diagnostics ( ERB), down 8.5%, and Metropolitan Health Networks ( MDF), down 7.4%.

WellCare Health Plans, Inc. provides managed care services for government-sponsored health care programs in the United States. WellCare Health Plans has a market cap of $2.48 billion and is part of the health care sector. The company has a P/E ratio of 9.1, below the average health services industry P/E ratio of 9.3 and below the S&P 500 P/E ratio of 17.7. Shares are up 5.5% year to date as of the close of trading on Friday. Currently there are five analysts that rate WellCare Health Plans a buy, no analysts rate it a sell, and six rate it a hold.

TheStreet Ratings rates WellCare Health Plans as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front, Tengion ( TNGN), up 14%, Nanosphere ( NSPH), up 7.7%, Antares Pharma ( ATRS), up 5.5%, and Alphatec Holdings ( ATEC), up 5.1%, were all gainers within the health services industry with Intuitive Surgical ( ISRG) being today's featured health services industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the health services industry could consider Health Care Select Sector SPDR ( XLV) while those bearish on the health services industry could consider ProShares Ultra Short Health Care ( RXD).

null

More from Markets

Global Stocks Weaken as Trump Opens New Fronts in Global Trade War

Global Stocks Weaken as Trump Opens New Fronts in Global Trade War

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat