Concord Medical Services Holdings Limited (CCM) saw a big move last session, as the company’s shares fell by nearly 9% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for CCM, as the stock is now up about 46% in the past one-month time frame.
The medical services providing company has seen a flat record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
CCM currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the medical services sector include Brookdale Senior Living Inc. (BKD), AdCare Health Systems Inc. (ADK) and Kindred Healthcare Inc. (KND). While Brookdale carries a Zacks Rank #1 (Strong Buy), AdCare Health Systems and Kindred Healthcare hold a Zacks Rank #2 (Buy).
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