March 26, 2013 at 10:17 AM EDT
Downtrending Healthcare Stocks - Magellan Health Services (MGLN), Vanguard Health (VHS), Amarin (AMRN)

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New York, NY -- (SBWIRE) -- 03/26/2013 -- StockRunway.com issues special report on the Downtrending Healthcare Stocks – Magellan Health Services Inc (NASDAQ:MGLN), Vanguard Health Systems, Inc.(NYSE:VHS), Amarin Corporation plc (ADR)(NASDAQ:AMRN)

Magellan Health Services Inc (NASDAQ:MGLN) tumbled on Monday after losing an important contract for behavioral health in Arizona. It was revealed in a blog post by the Arizona Department of Health Services that the new contract was awarded to an entity called Mercy Maricopa Integrated Care. Investors were closely watching this process since Arizona regulators started accepting offers for the behavioral-health contract last October. Deutsche Bank said at the time that the business accounted for the single-largest Magellen contract by revenue.

Has MGLN Found The Bottom and Ready To Move Up? Find Out Here

Magellan Health Services Inc (NASDAQ:MGLN) fell -10.89% and closed at $47.45 with the total traded volume of 1.62 million shares. Its opening price was $50.86 and its shares traded within the range of $46.65-$51.50. This company has earnings per share of $5.41 with the net profit margin of 4.71% and operating margin of 5.89%. The company now has market cap of about $1.28 billion.

Vanguard Health Systems, Inc.(NYSE:VHS) moved down -6.44% with the closing price of $15.55 after news that it unexpectedly lost a contract for covering Medicaid patients in Arizona. Meanwhile, Magellan shares also were getting hurt by some Arizona-related heartburn as it and Vanguard operate a joint venture for behavioral health in the state.

Has VHS Found The Bottom And Ready To Gain Momentum? Find Out Here

The overall volume in the last trading session was 1.34 million shares. Its fifty two week range was $6.92-$17.74. The total market capitalization remained $1.21 billion. The stock is ahead its 52 week low with 124.71% and its last month price volatility remained 3.93% with a target price of $16.63. In its share capital, the company has 77.50 million outstanding shares while 68.52 million shares have been floated in market.

It has insider ownership of 4.84% with institutional ownership remained 86.42%. Earnings per share this year grew 644.56%.

Amarin Corporation plc (ADR)(NASDAQ:AMRN) slipped -3.80% and closed at $7.34 in the last trading session with the overall traded volume of 5.11 million shares, more versus the average volume of 3.22 million shares. The company recently filed a preliminary proxy with the U.S. Securities Exchange Commission into its Annual Meeting. Its 52 weeks high price was $15.96 and suffered lowest price of $7.30 in the same period.

Why Should Investors Buy AMRN After the Recent Fall? Just Go Here and Find Out

AMRN has current ratio of 7.04 and its total debt-to-equity ratio is 3287.25. It has market cap of $1.10 billion while its total outstanding shares are 149.99million. The stock beta value stands at 1.48 times.

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