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Valued at a market cap of $8.9 billion, Teleflex Incorporated (TFX) is a global medical technology company that designs, develops, manufactures, and supplies single-use medical devices for diagnostic and therapeutic procedures in critical care and surgical applications. Based in Wayne, Pennsylvania, the company serves hospitals, healthcare providers, and home care markets worldwide.
Shares of the medical equipment maker have underperformed the broader market over the past 52 weeks. TFX has decreased 13.2% over this time frame, while the broader S&P 500 Index ($SPX) has gained 32.1%. In 2024, TFX stock declined 23.4%, compared to SPX's 26.2% YTD gain.