Coming into this decade, healthcare was one of the top sectors I’d targeted for my portfolio. Today I want to look at one top stock that is trading at an enticing discount as of close on March 10.
Viemed Healthcare (TSX:VMD)(NASDAQ:VMD) is a provider of in-home medical equipment and health care solutions in the United States. An aging population in the developed world and an increase in chronic diseases is increasing the demand for in-home care. Because of this, long-term investors should seriously consider Viemed today.
Shares of Viemed have dropped 40% over the past three months. The stock has taken a hit due to the broad market sell-off – falling 30% month over month. It released its fourth quarter and full-year results for 2019 on March 3.
For the full-year Viemed reported revenue of $56.0 million compared to $47.7 million in the prior year. In the fourth quarter, the company posted adjusted EBITDA of $5.6 million which was up 14% from Q4 2018. Adjusted EBITDA for the full year reported 15% growth.
Viemed stock rose 5.88% on March 10 as stocks bounced back from massive point losses on Monday. Futures for North American indices were down on March 11, indicating that this turbulent period has not yet passed.
The stock possesses a favourable price-to-earnings ratio of 17 and a price-to-book value of 3.2. It boasts a great balance sheet and nice growth potential in an explosive sector.