Hansen Medical, Inc. ( HNSN ) saw a big move last session, as the company's shares fell by over 6% 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 HNSN as the stock is now down 13.6% in the past one-month time frame.
This slump shouldn't be too much of a surprise to investors, as Hansen Medical has seen no negative revision in the past few weeks and its current year consensus loss estimate has widened 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.
HNSN currently has a Zacks Rank #3 (Hold) while its Earnings ESP
Some better-ranked stocks in the medical instrument space include Masimo Corporation
), Hologic Inc.
) and Intuitive Surgical, Inc.
). While Masimo Corporation carrries a Zacks Rank #1 (Strong Buy), Hologic and Intuitive Surgical 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 reportHANSEN MEDICAL (HNSN): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research