Sirona Dental Systems (SIRO) Reaches New Lifetime High Today

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.

Trade-Ideas LLC identified Sirona Dental Systems ( SIRO) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Sirona Dental Systems as such a stock due to the following factors:

  • SIRO has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $41.3 million.
  • SIRO has traded 1,356 shares today.
  • SIRO is trading at a new lifetime high.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in SIRO with the Ticky from Trade-Ideas. See the FREE profile for SIRO NOW at Trade-Ideas

More details on SIRO:

Sirona Dental Systems, Inc. develops, manufactures, and markets dental equipment for dentists worldwide. It operates through four segments Dental CAD/CAM Systems, Imaging Systems, Treatment Centers, and Instruments. SIRO has a PE ratio of 26. Currently there are 6 analysts that rate Sirona Dental Systems a buy, 1 analyst rates it a sell, and 2 rate it a hold.

The average volume for Sirona Dental Systems has been 314,500 shares per day over the past 30 days. Sirona Dental Systems has a market cap of $5.3 billion and is part of the health care sector and health services industry. The stock has a beta of 1.10 and a short float of 4.2% with 4.97 days to cover. Shares are up 10.7% year-to-date as of the close of trading on Monday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Sirona Dental Systems as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and expanding profit margins. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from the ratings report include:
  • Compared to its closing price of one year ago, SIRO's share price has jumped by 28.52%, exceeding the performance of the broader market during that same time frame. Regarding the stock's future course, although almost any stock can fall in a broad market decline, SIRO should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • SIRO's debt-to-equity ratio is very low at 0.07 and is currently below that of the industry average, implying that there has been very successful management of debt levels. To add to this, SIRO has a quick ratio of 2.13, which demonstrates the ability of the company to cover short-term liquidity needs.
  • Net operating cash flow has slightly increased to $69.20 million or 2.34% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -10.82%.
  • SIRONA DENTAL SYSTEMS INC' earnings per share from the most recent quarter came in slightly below the year earlier quarter. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, SIRONA DENTAL SYSTEMS INC increased its bottom line by earning $3.13 versus $2.61 in the prior year. This year, the market expects an improvement in earnings ($3.99 versus $3.13).

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

More from Markets

Dow Rises Sharply as U.S.-China Trade Tensions Thaw

Dow Rises Sharply as U.S.-China Trade Tensions Thaw

To Win at Trade the U.S. Must Act and Behave Like China

To Win at Trade the U.S. Must Act and Behave Like China

Video: Jim Cramer on Tariffs, the Market Rally, Caterpillar and Micron

Video: Jim Cramer on Tariffs, the Market Rally, Caterpillar and Micron

Apple Shares Gain as U.S. and China Call Off Trade War, For Now

Apple Shares Gain as U.S. and China Call Off Trade War, For Now

GE Confirms $11.1 Billion Transportation Merger With Wabtec

GE Confirms $11.1 Billion Transportation Merger With Wabtec