For the first time in years, investors in imaging device companies have reason to celebrate. The category, which has lagged behind many other healthcare sectors and broader market indexes for years, soared 33.5% in the first quarter (end-March 31), according to a report issued by healthcare advisory and investment firm HealthCare Markets Group. Healthcare industry shares as a whole climbed 19.5%.
In the same period last year, the imaging devices category declined 15.6%, and gained only 3.8% in the fourth quarter of 1999, according to the Hilton Head, SC-based consulting group. Strong performers included AFP Imaging, Fischer Imaging, and Vital Images, which increased 112%, 100%, and 97% respectively. Swissray was a notable laggard during the period, however, slipping 53%.
By AuntMinnie.com staff writersApril 18, 2000
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