Mettler-Toledo International Inc. (MTD): Today's Featured Health Services Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Mettler-Toledo International ( MTD) pushed the Health Services industry lower today making it today's featured Health Services laggard. The industry as a whole closed the day up 0.8%. By the end of trading, Mettler-Toledo International fell $3.10 (-1.8%) to $173.32 on heavy volume. Throughout the day, 438,251 shares of Mettler-Toledo International exchanged hands as compared to its average daily volume of 218,800 shares. The stock ranged in price between $171.52-$176.77 after having opened the day at $176.77 as compared to the previous trading day's close of $176.42. Other companies within the Health Services industry that declined today were: Kips Bay Medical ( KIPS), down 13.3%, IsoRay ( ISR), down 7.2%, Dynatronics Corporation ( DYNT), down 6.5%, and Cardica ( CRDC), down 5%.
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Mettler-Toledo International Inc. engages in the research, development, manufacture, and marketing of precision instruments and software primarily in Europe, North and South America, and Asia. Mettler-Toledo International has a market cap of $5.51 billion and is part of the health care sector. The company has a P/E ratio of 20.8, equal to the average health services industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 19.4% year to date as of the close of trading on Monday. Currently there are four analysts that rate Mettler-Toledo International a buy, one analyst rates it a sell, and five rate it a hold.

TheStreet Ratings rates Mettler-Toledo International as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, notable return on equity and increase in stock price during the past year. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Spherix ( SPEX), up 25.5%, Misonix ( MSON), up 16.5%, Arrhythmia Research Technology ( HRT), up 14.4%, and Nanosphere ( NSPH), up 12.3%, were all gainers within the health services industry with UnitedHealth Group ( UNH) 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).

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