Strength Seen in Cardica (CRDC): Stock Rises 5.9% – Tale of the Tape

Zacks

Cardica Inc. (CRDC) was a big mover last session with its shares rising nearly 9% 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 the past one month’s volatile price range of $0.61 to $0.67.

This manufacturer of automated anastomotic systems for use in cardiac surgeries has seen no estimate revision in the last 30 days. The Zacks Consensus Estimate hasn’t been in trend either. Yesterday’s rally is encouraging though, so make sure to keep a close watch on this firm in the near future.

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

A better-ranked stock worth considering in the medical products industry is ICU Medical, Inc. (ICUI) with a Zacks Rank #1 (Strong Buy).

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