Strength Seen in Cardica (CRDC): Stock Adds 7.6% – Tale of the Tape

Zacks

Cardica Inc. (CRDC) was a big mover last session with its shares rising nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent downtrend of the company as the stock has lost nearly 1% in the past one-month time frame.

This manufacturer of automated anastomotic systems for use in cardiac surgeries has seen no estimate revision in the last 30 days. The Zacks Consensus Estimate hasn’t been in trend either. Friday’s rally is encouraging though, so make sure to keep a close watch on this firm in the near future.

Cardica currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks worth considering in the medical products industry are ICU Medical, Inc. (ICUI), Abaxis, Inc. (ABAX) and Eagle Pharmaceuticals Inc. (EGRX). While ICU Medical sports a Zacks Rank #1 (Strong Buy), Abaxis and Eagle Pharmaceuticals carry a Zacks Rank #2 (Buy).

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