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Top 5 Companies in the Health Care Equipment Industry With the Highest Return on Equity (IDXX, ABMD, IRIX, MASI, STJ)

By James Quinn

Below are the three companies in the Health Care Equipment industry with the highest return on equity. The ROE is a general indication of the company's efficiency; investors usually look for companies with ROEs that are high and are growing.

Idexx Laboratories ranks highest with a ROE of 78.7%. Following is ABIOMED with a ROE of 50.6%. Iridex ranks third highest with a ROE of 30.1%.

Masimo follows with a ROE of 29.1%, and St Jude Medical rounds out the top five with a ROE of 25.0%.

SmarTrend recommended that subscribers consider buying shares of St Jude Medical on February 22nd, 2016 as our technology indicated a new Uptrend was in progress when shares hit $54.18. Since that recommendation, shares of St Jude Medical have risen 42.8%. We continue to monitor St Jude Medical for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest return on equity idexx laboratories abiomed iridex Masimo St Jude Medical