Tenet Healthcare Corp (THC): Today's Featured Health Services Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Tenet Healthcare ( THC) pushed the Health Services industry lower today making it today's featured Health Services laggard. The industry as a whole was unchanged today. By the end of trading, Tenet Healthcare fell $0.82 (-2.0%) to $39.86 on average volume. Throughout the day, 1,231,884 shares of Tenet Healthcare exchanged hands as compared to its average daily volume of 1,454,800 shares. The stock ranged in price between $39.64-$40.94 after having opened the day at $40.92 as compared to the previous trading day's close of $40.68. Other companies within the Health Services industry that declined today were: Emeritus Corporation ( ESC), down 10.2%, MiMedx Group ( MDXG), down 8.9%, Misonix ( MSON), down 8.7% and Vision-Sciences Inc (DE ( VSCI), down 6.9%.

Tenet Healthcare Corporation, an investor-owned health care services company, owns and operates acute care hospitals, ambulatory surgery centers, diagnostic imaging centers, urgent care centers, and related health care facilities in the United States. Tenet Healthcare has a market cap of $4.0 billion and is part of the health care sector. Shares are up 25.3% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate Tenet Healthcare a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Tenet Healthcare as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.

On the positive front, NeuroMetrix ( NURO), up 8.4%, Hooper Holmes ( HH), up 7.5%, InspireMD ( NSPR), up 6.5% and Heska Corporation ( HSKA), up 6.3% , were all gainers within the health services industry with HCA Holdings ( HCA) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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