5 Stocks Dragging The Health Services Industry Downward

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 44 points (-0.3%) at 15,836 as of Monday, Jan. 27, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 751 issues advancing vs. 2,176 declining with 155 unchanged.

The Health Services industry currently sits down 2.0% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the industry include Align Technology ( ALGN), down 6.6%, Opko Health ( OPK), down 4.7%, Grifols ( GRFS), down 2.3%, C.R. Bard ( BCR), down 1.9% and Agilent Technologies ( A), down 1.2%.

TheStreet would like to highlight 5 stocks pushing the industry lower today:

5. Hologic ( HOLX) is one of the companies pushing the Health Services industry lower today. As of noon trading, Hologic is down $0.33 (-1.6%) to $20.91 on light volume. Thus far, 689,010 shares of Hologic exchanged hands as compared to its average daily volume of 4.4 million shares. The stock has ranged in price between $20.82-$21.30 after having opened the day at $21.26 as compared to the previous trading day's close of $21.24.

Hologic, Inc. develops, manufactures, and supplies diagnostics products, medical imaging systems, and surgical products for women. Hologic has a market cap of $6.0 billion and is part of the health care sector. Shares are down 5.0% year-to-date as of the close of trading on Friday. Currently there are 6 analysts that rate Hologic a buy, 1 analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates Hologic as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full Hologic Ratings Report now.

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