Steris PLC stock falls Wednesday, lagging the market

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Steris ($NYSE:STE) PLC is a leading provider of infection prevention and decontamination products and services. The company’s stock fell Wednesday, lagging the market. Steris PLC‘s products and services are used in hospitals, clinics, and other healthcare facilities to help prevent the spread of infection.

The company’s stock has been under pressure in recent months as investors have been concerned about the potential impact of the coronavirus on the company’s business. The company’s stock fell again on Wednesday, as investors remain concerned about the potential impact of the coronavirus on Steris PLC‘s business.

Stock Price

On Wednesday, shares of STERIS PLC fell 2.1% to close at $167.1. The company has been in the news recently, mostly due to positive coverage surrounding its strong earnings report. Investors may want to keep an eye on STERIS PLC, as it could be a good long-term investment opportunity.

VI Analysis

Based on the company’s fundamentals, below analysis on STERIS PLC are made simple by VI app. The company’s financial and business aspects are rated as medium risk investment. VI App has detected 3 risk warnings in income sheet, balance sheet, non financial. Register with us to check it out.

VI Peers

The company’s main competitors are Fonar Corp, Stryker Corp, and Dynatronics Corp.

– Fonar Corp ($NASDAQ:FONR)

Fonar Corporation is a holding company, which engages in the design, manufacture, sale, and service of magnetic resonance imaging (MRI) scanners. It operates through the following segments: Upright Multi-Position MRI; Stand-Up MRI; and Recurring Revenue. The Upright Multi-Position MRI segment designs, manufactures, and sells Upright Multi-Position MRI scanners. The Stand-Up MRI segment designs, manufactures, sells, and services Stand-Up MRI scanners. The Recurring Revenue segment provides service contracts, technical support, and parts sales. The company was founded by Stanley C. Krulick in 1978 and is headquartered in Melville, NY.

– Stryker Corp ($NYSE:SYK)

Stryker Corporation is one of the world’s leading medical technology companies. It offers a wide range of medical devices and services, including orthopedics, neurotechnology, and medical imaging. It has more than 87,000 employees worldwide.

– Dynatronics Corp ($NASDAQ:DYNT)

Dynatronics Corp is a medical device company that manufactures and markets physical therapy products and solutions. The company’s products are used by physical therapists, occupational therapists, athletic trainers, and other healthcare professionals. Dynatronics Corp has a market cap of 8.73M as of 2022, a Return on Equity of -10.7%. The company’s products are sold in the United States and internationally.

Summary

Investing in STERIS PLC can be a good way to get exposure to the healthcare sector. The company provides products and services for infection prevention, decontamination, and surgical support. Its products are used in hospitals, surgery centers, and other healthcare facilities around the world. STERIS has a diversified product portfolio and a large customer base. Investors should be aware that the healthcare sector can be volatile. Regulatory changes, reimbursement rates, and technological advances can all impact the sector.

However, STERIS has shown itself to be a leader in the healthcare space and is well-positioned to continue delivering strong results in the future.