Merit Medical Systems Slumps: MMSI Plunges 13.2% in Session - Tale of the Tape

By
A A A

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).  


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

MERIT MEDICAL (MMSI): Free Stock Analysis Report

ALIGN TECH INC (ALGN): Free Stock Analysis Report

BIO REFERNC LAB (BRLI): Free Stock Analysis Report

MCKESSON CORP (MCK): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: MMSI , ALGN , BRLI , MCK

Zacks.com

Zacks.com

More from Zacks.com:

Related Videos

Stocks

Referenced

Most Active by Volume

33,110,376
  • $113.99 ▲ 1.77%
25,034,179
    $17.98 unch
24,486,872
  • $7.41 ▲ 2.07%
20,864,535
  • $7.39 ▼ 2.76%
18,600,501
  • $8.30 ▼ 0.36%
17,530,211
  • $8.14 ▲ 3.17%
17,299,208
  • $93.79 ▲ 2.74%
14,669,760
  • $25.78 ▼ 0.19%
As of 12/26/2014, 04:15 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com