Healthcare Overbought Stocks: Accelerate Diagnostics (NASDAQ:AXDX), Orthofix International (NASDAQ:OFIX), The Providence Service Corporation (NASDAQ:PRSC), Nordion Inc (NYSE:NDZ)

Posted by on Apr 02, 2014

Despite lack of company-specific announcement, Accelerate Diagnostics Inc (NASDAQ:AXDX) which provides diagnostic solutions managed to rally up significantly in the previous session. Without a press release or big company news, upbeat industry speculations were responsible for the jump as investor read increased spending on diagnostic facilities. Investors are wise to keep a close eye on the stock to see if the previous session’s strength can be replayed and the days ahead. Accelerate Diagnostics Inc (NASDAQ:AXDX) shares after opening at $21.95 moved to $22.99 on last trade day and at the end of the day closed at $22.11. Company price to sales ratio in past twelve months was calculated as 19188.26 and price to cash ratio as 20.82. Accelerate Diagnostics Inc (NASDAQ:AXDX) showed a positive weekly performance of 25.63%.

Jefferies Group raised their price objective on shares of Orthofix International N.V. (NASDAQ:OFIX) from $34.00 to $36.00 in a research note issued on Tuesday, Stock Ratings Network reports. Jefferies Group’s price target points to a potential upside of 19.40% from the company’s current price. Orthofix International NV (NASDAQ:OFIX) shares advanced 5.54% in last trading session and ended the day on $31.82. OFIX return on equity ratio is recorded as 10.80% and its return on assets is 7.80%. Orthofix International NV (NASDAQ:OFIX) yearly performance is -10.06%.

The Providence Service Corporation (NASDAQ:PRSC) has strike for the purchase of Australia based, Ingeus Limited, which operates in 10 countries and four continents. The agreement will see Providence acquiring Ingeus 100% in a cash deal worth $58 million. The acquisition is expected to be accretive of Providence earnings per share for the year with the deal expected to fully close in the second quarter of F2014. The Providence Service Corporation (NASDAQ:PRSC) shares moved up 34.37% in last trading session and was closed at $38.00, while trading in range of $ 28.07 – 38.59. The Providence Service Corporation (NASDAQ:PRSC) year to date (YTD) performance is 47.74%.

Nordion Inc (USA) (NYSE:NDZ) saw unusually-high trading volume on Tuesday after Paradigm Capital raised their price target on the stock from $10.00 to $11.75, reports. Nordion Inc (USA) (NYSE:NDZ) weekly performance is 11.22%. On last trading day company shares ended up $11.54. Nordion Inc(USA)(NYSE:NDZ) distance from 50-day simple moving average (SMA50) is 16.36%. Analysts mean target price for the company is $11.12.

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