Shares of Span-America Medical Systems Rank the Lowest in Terms of P/E Ratio in the Health Care Supplies Industry (SPAN, RTIX, UTMD, VIVO, ANIK)
Below are the three companies in the Health Care Supplies industry with the lowest price to earnings (P/E) ratios. P/E is an important valuation tool when comparing companies in the same industry. A higher P/E ratio means that investors are paying more for each unit of net income, so the stock is more expensive compared to one with a lower P/E ratio.
Span-America Medical Systems ranks lowest with a a P/E ratio of 13.55. Following is RTI Biologics with a a P/E ratio of 16.50. Utah Medical Products ranks third lowest with a a P/E ratio of 19.78.
Meridian Bioscience follows with a a P/E ratio of 19.94, and Anika Therapeutics rounds out the bottom five with a a P/E ratio of 24.68.
SmarTrend recommended that its subscribers protect gains by selling shares of Anika Therapeutics on July 29th, 2016 by issuing a Downtrend alert when the shares were trading at $49.60. Since that call, shares of Anika Therapeutics have fallen 11.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: lowest p/e ratio span-america medical systems rti biologics utah medical products meridian bioscience anika therapeutics