Merit Medical Systems, Inc. ( MMSI ) saw a big move last session, as the company's shares fell by about 13% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for MMSI, as the stock is now down 18.8% since July 3.
This slump shouldn't be too much of a surprise to investors, as although the medical devices manufacturer has not seen any negative revision in the past few weeks; its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
MMSI currently has a Zacks Rank #4 (Sell).
Some better-ranked stocks in the Medical/Dental-Supply industry include Align Technology Inc. ( ALGN ), Bio-Reference Laboratories Inc. ( BRLI ), and McKesson Corporation ( MCK ). All these stocks hold a Zacks Rank #2 (Buy).
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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 reportMERIT MEDICAL (MMSI): Free Stock Analysis ReportALIGN TECH INC (ALGN): Free Stock Analysis ReportBIO REFERNC LAB (BRLI): Free Stock Analysis ReportMCKESSON CORP (MCK): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research