For the most part, publicly traded imaging device providers held onto strong first-quarter gains through the first half of 2000. Following up on an average gain in share price of 33.5% in the first quarter (end-March 31), imaging device stocks are ahead 27.4% at the year’s halfway point (end-June 30), according to healthcare advisory and investment firm HealthCare Markets Group of Hilton Head, SC.
Strong performers included ADAC Laboratories, up 123%, and Lunar, up 135%. Lunar is being bought by GE Medical Systems. Laggards included Swissray, down 62%, and Trex Medical, down 29%.
Imaging services stocks failed to share in the gains of the imaging devices sector, however. After slumping 5.4% in the first quarter of the year, shares in these firms sagged again for a total loss of 30.8% in the first half of the year.
Overall, healthcare industry shares were up 28% for the first half of 2000, building on 19.5% gains achieved in the first quarter.
By AuntMinnie.com staff writersJuly 10, 2000
Related Reading
Imaging device stocks surge in Q1, June 13, 2000.
GE acquiring Lunar in bid to extend reach in bone density, orthopedic imaging, June 2, 2000.
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