Rockwell Medical, Inc. (RMTI) was a big mover last session with its shares surging over 21% 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 $8.72 to $10.59.
This integrated biopharmaceutical company provider has seen three estimate revisions in the last 30 days. The Zacks Consensus Estimate has also moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see whether yesterday’s rally can turn into more strength down the road.
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 GW Pharmaceuticals plc (GWPH), ICU Medical, Inc. (ICUI) and Abaxis, Inc. (ABAX). While GW Pharmaceuticals sports a Zacks Rank #1 (Strong Buy), ICU Medical and Abaxis carry a Zacks Rank #2 (Buy).
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