In this article we discuss 5 Cheap Healthcare Stocks to Buy Now. If you want to read our detailed analysis of the healthcare industry, go directly to 10 Cheap Healthcare Stocks to Buy Now.
5. Bio-Rad Laboratories, Inc. Class A Common Stock (NYSE: BIO)
PE Ratio (TTM): 5.09
California-based Bio-Rad makes specialized technological products for the life science research and clinical diagnostics markets. In the third quarter, Bio-Rad posted a non-GAAP EPS of $3, above the Wall Street’s estimate by $1.18. Revenue in the period totaled $647.3 million, which shows a 15.5% growth. This also beat the consensus by $79.95 million.
A total of 48 hedge funds tracked by Insider Monkey held stakes in the company at the end of the third quarter. The total value of these stakes is $1.2 billion. Raiv Jain’s GQG Partners increased its hold in Bio-Rad in the quarter, ending the period with 354,266 shares of the company, worth $182.61 million.