The MassDevice Weekly Checkup: May 30, 2011
Taking the financial temperature of the medical devices industry.
Our Weekly Checkup takes the temperature of the medical device industry’s three largest U.S. clusters: Massachusetts, California and Minnesota.
The MassDevice Indices are weighted according to market capitalization, based on the number of shares outstanding for each company and each Friday’s closing share price.
The Massachusetts index for the week ended May 27 closed at 6.45, up 1.4 percent compared with the prior week. Since Jan. 1, 2009, when we began tracking these companies, the index has risen 45.7 percent.
The Minnesota index for the week ended May 27 closed at 4.34, down 1.7 percent compared with the prior week. Since Jan. 1, 2009, when we began tracking these companies, the index has risen 47.1 percent.
The California index for the week ended May 27 closed at 10.14, down 0.4 percent compared with the prior week. Since Jan. 1, 2009, when we began tracking these companies, the index has risen 139.1 percent.
We also create a composite index of the three regional indices and compare it with four other indices (the S&P 500, the Dow Jones Industrial Average, the Dow’s IHI medical devices index and the NASDAQ exchange):
The Weekly Checkup also compares Monday morning’s opening share prices with their value when the markets close Friday afternoon to calculate the biggest gainers and losers.
Here are the 20 firms that posted the biggest share price gains and losses during the week ended May 27:
The 10 biggest gainers:
- Trimedyne Inc. : 13.33% (open $0.15; close $0.17)
- HepaLife Technologies: 8.80% (open $0.13; close $0.14)
- Iris International Inc. : 8.71% (open $8.96; close $9.74)
- icad Inc.: 7.77% (open $1.03; close $1.11)
- NeuroMetrix Inc.: 6.67% (open $0.45; close $0.48)
- Patient Safety Technologies Inc. : 6.48% (open $1.08; close $1.15)
- Angeion Corp. : 5.75% (open $4.35; close $4.60)
- SeraCare Life Sciences: 5.42% (open $3.32; close $3.50)
- Alphatec Holdings Inc. : 4.70% (open $3.62; close $3.79)
- AdvanSource Biomaterials Corp.: 4.55% (open $0.11; close $0.12)
Sources: Google Finance and Yahoo! Finance.
And the 10 biggest losers:
- World Heart Inc. : -7.84% (open $1.02; close $0.94)
- Cardica Inc. : -4.80% (open $3.75; close $3.57)
- Synovis Life Technologies Inc. : -3.87% (open $18.09; close $17.39)
- Viking Systems Inc.: -2.82% (open $0.35; close $0.34)
- Interleukin Genetics Inc.: -2.27% (open $0.44; close $0.43)
- Brooks Automation Inc.: -2.23% (open $11.22; close $10.97)
- Abiomed Inc.: -1.91% (open $18.89; close $18.53)
- HeartWare International Inc.: -1.61% (open $74.94; close $73.73)
- Thermage Inc. (Solta Medical Inc.): -1.59% (open $3.15; close $3.10)
- Cytori Therapeutics Inc. : -1.41% (open $5.68; close $5.60)
Sources: Google Finance and Yahoo! Finance.
Disclaimer: MassDevice.com’s rankings do not reflect an opinion of companies’ health, prospects or viability. They are intended to provide a snapshot of publicly traded medical device companies and in no way constitute a recommendation to buy or sell any particular security, portfolio of securities, transaction or investment strategy.