Jude Medical Inc. STJ, a leading global medical device manufacturer, recently announced U.S. FDA approval for the EnSite Precision cardiac mapping system http://coachinglondonum9.bravesites.com/entries/general/identifying-speedy-tactics-for-st-2 and Advisor FL Circular Mapping Catheter. The regulatory progress is an add-on to the companys electrophysiology portfolio and ensures a seamless cardiac mapping for patients with abnormal heart rhythms. A glimpse at the price movement of the stock reveals a stellar year-to-date return of 29.3%, way better than the Zacks categorized Medical Product sub-industrys return of 0.68% and the S&P 500s roughly 8.4%. However, till Apr 2016, the companys price performance had been unimpressive. Nevertheless, after the last reported quarter, the companys shares gained roughly 1.5% till yesterdays close. View photos Meanwhile, following the news release, St. Jude Medical gained a nominal 0.3%, to close at $79.88. Of the other positives, we are upbeat about the stocks long-term expected earnings growth rate, currently pegged at 8.53%.
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