Relatively Low Beta Detected in Shares of Span-America Medical Systems in the Health Care Supplies Industry (SPAN, QDEL, ATRI, UTMD, HAE)
Below are the three companies in the Health Care Supplies industry with the lowest betas. Lower-beta stocks mean minimal volatility and are therefore generally considered to be a less risk and offer more stable returns.
Span-America Medical Systems ranks lowest with a a beta of 0.3. Following is Quidel with a a beta of 0.6. Atrion ranks third lowest with a a beta of 0.7.
Utah Medical Products follows with a a beta of 0.7, and Haemonetics rounds out the bottom five with a a beta of 0.7.
SmarTrend recommended that subscribers consider buying shares of Haemonetics on June 8th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $29.29. Since that recommendation, shares of Haemonetics have risen 23.6%. We continue to monitor Haemonetics for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: lowest beta span-america medical systems quidel atrion utah medical products haemonetics