RTI Surgical Inc. (RTIX) was a big mover last session with its shares rising nearly 7% on the day. The upside was owing to the company’s announcement of better-than-expected earnings and revenues for the second quarter of 2015. Alongside, Hologic also raised the upper end of its top and bottom line guidance ranges for full year 2015. This development led to far more shares changing hands yesterday than in a normal session. The move continues the recent uptrend of the company as the stock has gained over 14% in the past one-month time frame.
This developer of orthopedic and other surgical implants has seen one positive estimate revision over the past 30 days. However, the Zacks Consensus Estimate has remained unchanged over the same period. Friday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
RTI Surgical currently has a Zacks Rank #1 (Strong Buy).
Is RTIX going up? Or down? Predict to see what others think: Up or Down
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Be the first to comment