Haemonetics (HAE) in Focus: Stock Adds 6.8% in Session – Tale of the Tape

Zacks

Haemonetics Corporation (HAE) was a big mover last session with its shares rising nearly 7% on the day. The upside came on the back of the company’s better-than-expected results for third-quarter fiscal 2015. This development led to far more shares changing hands yesterday 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 $36.92 to $38.88.

This developer of automated blood component collection devices and surgical blood salvage devices has seen one negative estimate revision in the last 30 days. However, the Zacks Consensus Estimate has remained unchanged over the same period. Yesterday’s price climb is encouraging though, so make sure to keep a close watch on this firm in the near future.

Haemonetics currently holds a Zacks Rank #4 (Sell).

A better-ranked Med-Products stock is ICU Medical, Inc. (ICUI) with a Zacks Rank #1 (Strong Buy).

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