Actavis PLC (ACT): Today's Featured Drugs 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.

Actavis ( ACT) pushed the Drugs industry lower today making it today's featured Drugs laggard. The industry as a whole closed the day up 1.7%. By the end of trading, Actavis fell $2.78 (-1.7%) to $162.51 on heavy volume. Throughout the day, 3,035,201 shares of Actavis exchanged hands as compared to its average daily volume of 1,522,200 shares. The stock ranged in price between $161.92-$165.59 after having opened the day at $165.40 as compared to the previous trading day's close of $165.29. Other companies within the Drugs industry that declined today were: Mast Therapeutics ( MSTX), down 43.4%, Celator Pharmaceuticals ( CPXX), down 13.5%, Ocera Therapeutics ( OCRX), down 13.1% and Idera Pharmaceuticals ( IDRA), down 8.5%.

Actavis plc, an integrated specialty pharmaceutical company, develops, manufactures, markets, and distributes pharmaceutical products in the United States, Canada, and internationally. Actavis has a market cap of $28.7 billion and is part of the health care sector. Shares are unchanged year to date as of the close of trading on Thursday. Currently there are 12 analysts that rate Actavis a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Actavis as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and good cash flow from operations. 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, Oramed Pharmaceuticals ( ORMP), up 49.0%, Amarin Corporation ( AMRN), up 25.5%, AVANIR Pharmaceuticals ( AVNR), up 19.7% and Ariad Pharmaceuticals ( ARIA), up 16.5% , were all gainers within the drugs industry with Merck ( MRK) being today's featured drugs industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the drugs industry could consider SPDR S&P Pharmaceuticals ETF ( XPH) while those bearish on the drugs industry could consider ProShares UltraShort Nasdaq Biotech ( BIS).

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