Synergetics USA, Inc. (SURG) saw a big move last session, as the company’s shares fell by over 11% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for SURG, as the stock is down nearly 6% since Feb 13.
This slump shouldn’t be too much of a surprise to investors, as the medical instruments company has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
SURG currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.0%.
Investors interested in the Medical Equipment industry may consider better-ranked stocks like Cynosure, Inc. (CYNO), Natus Medical Inc. (BABY) and Syneron Medical Ltd. (ELOS). All these stocks carry a Zacks Rank #1 (Strong Buy).
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