Markets

IRadimed (IRMD) Looks Good: Stock Moves 5.6% Higher

IRadimed CorporationIRMD was a big mover last session with its shares rising roughly 7% on the day. The move came on solid volume with far more shares changing hands yesterday than in a normal session. This breaks the recent trend of the company as the stock is now trading above the past one month's volatile price range of $25.09 to $27.18.

This manufacturer and distributor of magnetic resonance imaging (MRI) compatible products has seen no estimate revision in the last 30 days. The Zacks Consensus Estimate has also remained unchanged over the same period. Yesterday's rally is encouraging though, so make sure to keep a close watch on this firm in the near future.

IRadimed currently has a Zacks Rank #3 (Hold).

Investors interested in the Med-instruments industry may consider Masimo Corp. MASI which sports a Zacks Rank #1 (Strong Buy).

Is IRMD going up? Or down? Predict to see what others think: Up or Down

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


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

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