Flamel Technologies SA (FLML) saw a big move in the last trading session, as the company’s shares fell by nearly 14% 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 trend of the company, as the stock is now trading within the volatile price range of $10.62 to $14.70 in the past one-month time frame.
The company, a specialty pharmaceutical company, has not seen any estimate revision over the past month, though the current year earnings consensus has moved lower over the last 30 days. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, especially on earnings estimates following the recent slump.
FLML currently holds a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Investors interested in the Drugs industry may consider better-ranked stocks like Questcor Pharmaceuticals, Inc. (QCOR), Salix Pharmaceuticals Ltd. (SLXP) and Grifols, S.A. (GRFS). Each of these stocks carries a Zacks Rank #1 (Strong Buy).
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