Strength Seen in Cardica (CRDC): Stock Adds 6.3% – Tale of the Tape

Zacks

Cardica Inc. (CRDC) was a big mover last session with its shares rising over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend of the company as the stock has gained over 8% in the past five trading sessions.

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. Yesterday’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 ZELTIQ Aesthetics, Inc. (ZLTQ), ICU Medical, Inc. (ICUI) and Abaxis, Inc. (ABAX). While ZELTIQ sports a Zacks Rank #1 (Strong Buy), ICU Medical and Abaxis carry a Zacks Rank #2 (Buy).

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