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Lowest Beta in the Health Care Equipment Industry Detected in Shares of Iradimed Corp (IRMD, CUTR, ELMD, OXFD, LMAT)

By Nick Russo

Below are the three companies in the Health Care Equipment 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.

Iradimed Corp ranks lowest with a a beta of 0.6. Following is Cutera Inc with a a beta of 0.7. Electromed Inc. ranks third lowest with a a beta of 0.7.

Oxford Immunotec follows with a a beta of 0.7, and Lemaitre Vascula rounds out the bottom five with a a beta of 0.8.

SmarTrend recommended that its subscribers protect gains by selling shares of Lemaitre Vascula on February 7th, 2020 by issuing a Downtrend alert when the shares were trading at $30.19. Since that call, shares of Lemaitre Vascula have fallen 24.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: lowest beta iradimed corp cutera inc :elmd electromed inc. oxford immunotec lemaitre vascula

Ticker(s): IRMD CUTR OXFD LMAT