Otonomy (OTIC) Falls: Stock Goes Down 5.3% – Tale of the Tape

Zacks

Otonomy, Inc. (OTIC) saw a big move last session, as the company’s shares fell over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the most recent downtrend for OTIC, as the stock is up nearly 67% in the past one month time frame.

This Medical Drugs company has seen a flat track record when it comes to current year estimate revisions, as there has been no revision on either side over the past few weeks. The consensus for loss estimate hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

OTIC currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

A better-ranked stock in the Medical Drugs industry is IGI, Laboratories, Inc. (IG) which holds a Zacks Rank #1 (Strong Buy).

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