AngioDynamics Inc. (ANGO) saw a big move in the last trading session, as the company’s shares fell over 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as ANGO is now trading below the volatile price range of $14.18 to $16.60 in the past one-month time frame.
The medical instruments maker has not seen any estimate revision over the past month, though the current year earnings consensus has moved lower over the last few weeks. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, especially on earnings estimates following the recent slump.
ANGO currently has a Zacks Rank #4 (Sell).
Investors interested in the Medical Instruments industry may consider better-ranked stocks like Bacterin International Holdings, Inc. (BONE), Sirona Dental Systems Inc. (SIRO) and Thermo Fisher Scientific, Inc. (TMO), each carrying a Zacks Rank #2 (Buy).
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