Medical Supplies Stocks on Investors' Radar -- Baxter, DENTSPLY SIRONA, OraSure Technologies, and Glaukos

Friday, May 19, 2017 General News
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NEW YORK, May 19, 2017 /PRNewswire/ --

For today, scans the performances of Baxter International

Inc. (NYSE: BAX), DENTSPLY SIRONA Inc. (NASDAQ: XRAY), OraSure Technologies Inc. (NASDAQ: OSUR), and Glaukos Corp. (NYSE: GKOS). According to an IBISWorld report, changing demographics, healthcare reform, and product innovation will shape the Medical
Instruments and Supplies Manufacturing industry in the coming years. The aging population is expected to have the most significant effect on the demand for medical supplies and instruments, as its need for care drives increases in overall public and private health expenditure. Learn more about these stocks by downloading their comprehensive and free reports at:


On Thursday, shares in Deerfield, Illinois headquartered Baxter International Inc. climbed 0.37%, ending the day at $57.07. The stock recorded a trading volume of 3.27 million shares, which was above its three months average volume of 3.09 million shares. The Company's shares have advanced 8.27% in the last one month, 15.78% over the previous three months, and 29.04% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 6.63% and 17.56%, respectively. Moreover, shares of Baxter, which provides a portfolio of renal and hospital products, have a Relative Strength Index (RSI) of 71.53.

On April 27th, 2017, research firm RBC Capital Markets reiterated its 'Sector Perform' rating on the Company's stock with an increase of the target price from $55 a share to $58 a share.

On May 09th, 2017, Baxter announced that it has been named by Forbes magazine as one of America's Best Large Employers in 2017. This marks the third consecutive year that the Company has been named to the prestigious list. BAX complete research report is just a click away and free at:


Shares in York, Pennsylvania headquartered DENTSPLY SIRONA Inc. ended the day 0.51% higher at $61.66 with a total trading volume of 996,945 shares. In the previous three months and on an YTD basis, the stock has gained 1.66% and 6.96%, respectively. The Company's shares are trading above their 200-day moving average by 2.34%. Furthermore, shares of DENTSPLY SIRONA, which designs, develops, manufactures, and markets various dental and oral health products, and other consumable healthcare products primarily for the professional dental market worldwide, have an RSI of 41.75.

On May 09th, 2017, DENTSPLY SIRONA announced its financial results for the three months ended March 31st, 2017. Revenues for Q1 2017 were $900.5 million, up 16.6% compared to Q1 2016; sales of the combined businesses declined 2.2%, excluding the effect of exchange rates; GAAP EPS was $0.26, down 64%; and non-GAAP adjusted EPS was $0.49, a decrease of 29%. Management also reiterated its EPS guidance for 2017 in the range of $2.80 to $2.90 per diluted share. The complimentary report on XRAY can be downloaded at:

OraSure Technologies  

At the close of trading on Thursday, shares in Bethlehem, Pennsylvania-based OraSure Technologies Inc. finished 1.03% lower at $14.35 with a total trading volume of 1.02 million shares. The stock has advanced 14.71% in the last one month, 29.28% over the previous three months, and 63.44% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 11.86% and 48.75%, respectively. Additionally, shares of OraSure Technologies, which together with its subsidiaries, develops, manufactures, markets, and sells oral fluid diagnostic products and specimen collection devices in the US, Europe, and internationally, have an RSI of 57.61.

On May 16th, 2017, OraSure Technologies announced that Douglas A. Michels, President and CEO, will speak to the investment community at the UBS Global Healthcare Conference on May 23rd, 2017 at approximately 8:30 a.m. ET in New York. The conference will be simultaneously webcast on the Company's website. Sign up for your complimentary research report on OSUR at:


San Clemente, California headquartered Glaukos Corp.'s shares recorded a trading volume of 755,533 shares at the end of yesterday's session, which was above their three months average volume of 646,620 shares. The stock closed the day 0.03% lower at $37.29. The Company's shares have advanced 8.72% on an YTD basis. The stock is trading below its 200-day moving average by 3.89%. Additionally, shares of Glaukos, which focuses on the development and commercialization of products and procedures designed to treat glaucoma, have an RSI of 28.79.

On May 03rd, 2017, Glaukos announced the completion of patient enrollment in the US Investigational New Drug Phase II study of its Travoprost Intraocular Implant with the iDose™ delivery system in patients with glaucoma. Implanted during a micro-invasive procedure, the iDose is designed to continuously elute therapeutic levels of medication from within the eye for extended periods of time. Get free access to your research report on GKOS at:


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