Nxstage Medical, Inc. NXTM was a big mover last session with its shares rising just over 13% on the day. The upside was owing to the company’s announcement of strong revenues for the third quarter of 2015. An increase in revenue guidance and narrower net loss outlook for full year 2015 also bolstered optimism in the stock. This development led to far more shares changing hands yesterday than in a normal session. The move breaks the recent trend of the company as it is now trading above the past month’s volatile price range of $14.94 to $16.90.
This medical device company has seen no estimate revision in the last 30 days. The Zacks Consensus Estimate has also remained unchanged over the same period. Yesterday’s rally is encouraging though, so make sure to keep a close watch on this stock in the near future.
Nxstage Medical currently has a Zacks Rank #3 (Hold).
Investors interested in the Med-products space may consider NuVasive, Inc. NUVA which carries a Zacks Rank #2 (Buy).
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