Community Health Systems Inc (CYH): 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.

Community Health Systems ( CYH) pushed the Health Services industry lower today making it today's featured Health Services laggard. The industry as a whole closed the day up 0.6%. By the end of trading, Community Health Systems fell $0.57 (-1.3%) to $41.85 on average volume. Throughout the day, 1,536,223 shares of Community Health Systems exchanged hands as compared to its average daily volume of 1,507,000 shares. The stock ranged in price between $41.59-$42.81 after having opened the day at $42.48 as compared to the previous trading day's close of $42.42. Other companies within the Health Services industry that declined today were: IMRIS ( IMRS), down 10.5%, ERBA Diagnostics ( ERB), down 9.2%, Vision-Sciences Inc (DE ( VSCI), down 4.5% and Baxano Surgical ( BAXS), down 4.4%.

Community Health Systems, Inc., together with its subsidiaries, provides general and specialized hospital healthcare services to patients in the United States. Community Health Systems has a market cap of $4.1 billion and is part of the health care sector. The company has a P/E ratio of 22.9, above the S&P 500 P/E ratio of 17.7. Shares are up 8.0% year to date as of the close of trading on Wednesday. Currently there are 11 analysts that rate Community Health Systems a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Community Health Systems as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins.

On the positive front, Cardica ( CRDC), up 21.3%, Thermogenesis Corporation ( KOOL), up 14.2%, Nordion ( NDZ), up 9.7% and Almost Family ( AFAM), up 7.8% , were all gainers within the health services industry with Cigna ( CI) 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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