Endocyte, Inc. (ECYT) in Focus: Stock Surges 18% – Tale of the Tape

Zacks

Endocyte, Inc. (ECYT) was a big mover last session, as the company saw its shares rise 18% 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 trend of the company, as the stock is now trading above the volatile price range of $5.48 to $6.22 in the past one-month time frame.

None of the estimates for this biotechnology stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

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

Investors interested in the biotechnology space may consider better-ranked stocks such as Alcobra Ltd. (ADHD), Auxilium Pharmaceuticals Inc. (AUXL) and Biodel Inc. (BIOD), each sporting a Zacks Rank #1 (Strong Buy).

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