Ignite Restaurant Group, Inc. (IRG) was a big mover last session, as its shares rose nearly 7% on the day. The rise came on solid volume too with far more shares changing hands than in a normal session. This breaks the trend for the company, as the stock is now trading above the volatile price range of $13.48 to $14.74 in the past one-month timeframe.
In the last 30 days, the company has not witnessed any estimate revision and the Zacks Consensus Estimate also remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Ignite Restaurant currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Better-ranked medical stocks include Arcos Dorados Holdings Inc. Cla (ARCO), Buffalo Wild Wings Inc. (BWLD) and Burger King Worldwide, Inc. (BKW). All three carry a Zacks Rank #2 (Buy).
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