Align Technology Inc. ALGN was a big mover last session with its shares rising over 11% on the day. The upside came on the company’s announcement of strong fourth quarter and full-year 2015 results. The company recorded a year-over-year increase in revenues and Invasalign Clear Aligner shipments for the full year. This development led to far more shares changing hands on Friday than in a normal session. The move breaks the recent trend of the company as the stock is now trading above the past one month’s volatile price range of $58.56 to $66.10.
This medical appliances & equipment company has seen a mixed track record when it comes to estimate revisions of 2 increases and 3 decreases in the last 30 days. Meanwhile, the Zacks Consensus Estimate has remained unchanged over the same period. Friday’s rally is encouraging though, so make sure to keep a close watch on this stock in the near future
Align Technology currently has a Zacks Rank #2 (Buy).
Investors interested in the med/dental-supplies industry may also consider STAAR Surgical Company STAA that carries a Zacks Rank #1 (Strong Buy).
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