Boston Scientific Inc. (BSX): Today's Featured Health Services Winner

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

Boston Scientific ( BSX) pushed the Health Services industry higher today making it today's featured health services winner. The industry as a whole closed the day down 0.3%. By the end of trading, Boston Scientific rose $0.45 (5.7%) to $8.30 on heavy volume. Throughout the day, 31,809,345 shares of Boston Scientific exchanged hands as compared to its average daily volume of 17,993,600 shares. The stock ranged in a price between $7.87-$8.32 after having opened the day at $7.89 as compared to the previous trading day's close of $7.85. Other companies within the Health Services industry that increased today were: Electromed ( ELMD), up 10.2%, Retractable Technologies ( RVP), up 8.1%, Providence Service Corporation ( PRSC), up 8.0% and ZELTIQ Aesthetics ( ZLTQ), up 6.5%.
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Boston Scientific Corporation develops, manufactures, and markets medical devices used in various interventional medical specialties worldwide. Boston Scientific has a market cap of $10.4 billion and is part of the health care sector. Shares are up 37.0% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Boston Scientific a buy, no analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Boston Scientific as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity and feeble growth in its earnings per share.

On the negative front, Orthofix International N.V ( OFIX), down 15.6%, Hansen Medical ( HNSN), down 13.9%, Kips Bay Medical ( KIPS), down 9.2% and CAS Medical Systems ( CASM), down 7.0% , were all laggards within the health services industry with Catamaran ( CTRX) being today's health services industry laggard.

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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