Active Movers in Hot Line: Praxair, Inc. (NYSE:PX), Koninklijke Philips N.V. (NYSE:PHG)

Praxair, Inc. (NYSE:PX) [Trend Analysis] surged reacts as active mover, shares an increase 0.57% to traded at $117.35 and the percentage gap between open changing to regular change was 0.45%. Praxair, Inc. (PX) said that it has signed a long-term contract to supply hydrogen to Marathon Petroleum Corporation’s refinery in Garyville, Louisiana. The company will use the hydrogen to support an ultra-low-sulfur diesel project planned for 2018.

Marathon Petroleum is the third-largest transportation fuels refiner in the U.S. and operates an integrated refining, marketing and transportation system in the Midwest, East, Southeast and Gulf Coast. The hydrogen will be supplied through Praxair’s extensive Southeast Louisiana pipeline network. The firm’s current ratio calculated as 1.30 for the most recent quarter. The firm past twelve months price to sales ratio was 3.18 and price to cash ratio remained 53.20. As far as the returns are concern, the return on equity was recorded as 30.80% and return on investment was 12.50% while its return on asset stayed at 7.90%. The firm has total debt to equity ratio measured as 1.88.

Koninklijke Philips N.V. (NYSE:PHG) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with -2.74% to $29.24. Royal Philips (NYSE:PHG) and Arizona-based Banner Health reported that a multi-year partnership intended to further innovate and expand on their successful joint connected healthcare programs such as the Intensive Ambulatory Care (IAC) pilot and telehealth programs.

The two organizations will collaborate, leveraging Philips’ knowledge and research in connected care and population health management (PHM) and Banner’s deep clinical and operational insights to identify and deliver integrated solutions that are intended to improve the health of Banner’s patients. At the same time, the partnership will look to create best practices that enable Banner to improve the patient experience and, ultimately, transform healthcare for patients across the Southwest. The share price of PHG attracts active investors, as stock price of week volatility recorded 0.67%. The stock is going forward to its 52-week low with 28.97% and lagging behind from its 52-week high price with -5.03%.

 

About Gerard Bergeron

Gerard Bergeron covers Bio-pharmacy or healthcare sector Press Releases news updates. He has extensive three year of experience in content writing as freelance writer. He performs analysis of Healthcare Companies and provides worthy information for investor community. He is an experienced writer with a precise grasp of the English language and a clear, compelling writing style.

Leave a Reply

Your email address will not be published. Required fields are marked *