Medivation Inc. (MDVN): Today's Featured Health Care 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.

Medivation ( MDVN) pushed the Health Care sector lower today making it today's featured Health Care laggard. The sector as a whole closed the day up 0.4%. By the end of trading, Medivation fell 63 cents (-1.3%) to $48.36 on average volume. Throughout the day, one million shares of Medivation exchanged hands as compared to its average daily volume of 1.3 million shares. The stock ranged in price between $48.19-$48.80 after having opened the day at $48.61 as compared to the previous trading day's close of $48.99. Other companies within the Health Care sector that declined today were: AEterna Zentaris ( AEZS), down 22.5%, Spherix ( SPEX), down 11.6%, Sunesis Pharmaceuticals ( SNSS), down 8.6%, and Affymax ( AFFY), down 8.5%.
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Medivation, Inc., a biopharmaceutical company, focuses on developing novel small molecule drugs for the treatment of serious diseases in the United States and Europe. Medivation has a market cap of $3.59 billion and is part of the drugs industry. Shares are down 6.1% year to date as of the close of trading on Friday. Currently there are nine analysts that rate Medivation a buy, no analysts rate it a sell, and three rate it a hold.

TheStreet Ratings rates Medivation as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and notable return on equity. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and weak operating cash flow.

On the positive front, CombiMatrix Corporation ( CBMX), up 18.2%, Cardiovascular Systems ( CSII), up 16.6%, Simcere Pharmaceutical Group ( SCR), up 16.2%, and Fonar Corporation ( FONR), up 11.7%, were all gainers within the health care sector with Biogen Idec ( BIIB) being today's featured health care sector leader.

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

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