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Dec 12, 2012 (Fast Lane via COMTEX) -- Below are the three companies in the Health Care Technology industry with the lowest 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.
MedAssets (NASDAQ:MDAS) is lowest with a PEG ratio of 0.92. MedAssets Inc. provides technology-enabled products and services for hospitals and health systems. The Company's technology-enabled solutions are delivered primarily through company-hosted, or ASP-based, software supported by enterprise-wide sales, account management, implementation services and consulting. MedAssets has traded 50,000 shares thus far today, vs. average volume of 417,000 shares per day. The stock has underperformed the Dow (-0.8% to the Dow's 0.1%) and underperformed the S&P 500 (-0.8% to the S&P's 0.2%) during today's trading.
Following is Omnicell (NASDAQ:OMCL) with a PEG ratio of 1.03. Finishing up the bottom three is Allscripts Healthcare Solutions (NASDAQ:MDRX), with a PEG ratio of 1.03. ---------------------------------------------------------------------------------------------
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