T2 Biosystems, Inc. (TTOO) was a big mover last session, as the company saw its shares rise nearly 10% 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 for the company, as the stock has lost almost 13% in the past one-month time frame.
This in vitro diagnostics company has seen no estimate revisions in the last 7 days. The Zacks Consensus Estimate has also remained unchanged over the same time frame. Yesterday’s rally is encouraging though, so make sure to keep a close watch on this firm in the near future.
T2 Biosystems currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Investors looking for well-positioned medical instruments stocks may consider Alphatec Holdings, Inc. (ATEC), ERBA Diagnostics, Inc. (ERB) and Bacterin International Holdings, Inc. (BONE). While ATEC and ERB sport a Zacks Rank #1 (Strong Buy), BONE carries a Zacks Rank #2 (Buy).
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