Mindray Medical (MR) in Focus: Stock Falls 5.2% in Session - Tale of the Tape
Mindray Medical International Limited ( MR ) saw a big move last session, as the company's shares fell by over 5% 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 $28.13 to $29.83 in the past one-month time frame.
The medical devices company has seen a flat track record when it comes to current year estimate revisions over the past few weeks, 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.
MR currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.
A better-ranked stock in the same sector is LDR Holding Corporation ( LDRH ), holding a Zacks Rank #1 (Strong Buy).