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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)

By Nick Russo

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