Trinity Biotech plc
) saw a big move last session, as the company's shares fell by
over 7% on the day. The move came on pretty good volume too with
far more shares changing hands than in a normal session. This
breaks the recent trend of the company, as the stock is now
trading below the volatile price range of $25.61 to $27.81 in the
past one-month time frame.
This slump shouldn't be too much of a surprise to investors,
as the company has seen 1 negative revisions in the past few
weeks and 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.
TRIB currently has a Zacks Rank #4 (Sell) while its Earnings
ESP is 0.00%.
Some better-ranked stocks in the same sector include
Siemens Baxter Inernational Inc.
), Covidien plc (
) and Meridian Bioscience, Inc. (
). All these stocks hold a Zacks Rank #2 (Buy).
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