Rockwell Medical (RMTI) Jumps: Stock Gains 15.8% – Tale of the Tape

Zacks

Rockwell Medical, Inc. (RMTI) was a big mover last session with its shares rising nearly 16% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company as the stock is now trading above past one month’s volatile price range of $8.88 to $10.09.

This integrated biopharmaceutical company provider has seen no estimate revision in the last 30 days. The Zacks Consensus Estimate hasn’t been in trend either. Friday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Rockwell Medical currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks worth considering in the medical products industry are ICU Medical, Inc. (ICUI), Abaxis, Inc. (ABAX) and Eagle Pharmaceuticals Inc. (EGRX). While ICU Medical sports a Zacks Rank #1 (Strong Buy), Abaxis and Eagle Pharmaceuticals carry a Zacks Rank #2 (Buy).

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