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Top 5 Companies in the Biotechnology Industry With the Highest PEG Ratio (CPHD, GHDX, VRTX, BIIB, AMGN)
Oct 29, 2012 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Biotechnology industry with the highest price to earnings to growth (PEG) ratios. PEG is valuable in assessing the tradeoff between the price of a stock and expected growth. Generally, the lower the PEG, the better.
Cepheid ranks highest with a a PEG ratio of 8.60. Following is Genomic Health with a a PEG ratio of 5.16. Vertex Pharmaceuticals ranks third highest with a a PEG ratio of 2.98.
Biogen Idec follows with a a PEG ratio of 1.52, and Amgen rounds out the top five with a a PEG ratio of 1.41.
SmarTrend recommended that its subscribers protect gains by selling shares of Cepheid on September 28th, 2012 by issuing a Downtrend alert when the shares were trading at $34.59. Since that call, shares of Cepheid have fallen 11.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Write to Chip Brian at cbrian@mysmartrend.com
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