AtriCure, Inc. ( ATRC ) saw a big move last session, as the company's shares fell by over 10% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for ATRC as the stock actually increased nearly 14% from Sep 4, 2015 till Sep 20, before it plunged over 12% in the last two trading sessions.
The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
ATRC currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.0%.
A better-ranked stock in the Medical Products industry is NuVasive ( NUVA ), which currently carries a Zacks Rank #1 (Strong Buy).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.