NanoString Technologies, Inc. ( NSTG ) saw a big move last session, as the company's shares fell over 8% 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 NSTG, as the stock is now up nearly 18% in the past one-month time frame.
This slump shouldn't be too much of a surprise to investors, as the Medical Products company has seen 2 negative revisions in the past few weeks and its current year loss 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.
NSTG currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the Medical Products industry include Cardica Inc. ( CRDC ), ICU Medical, Inc. ( ICUI ) and Eagle Pharmaceuticals Inc. ( EGRX ). All these stocks carry a Zacks Rank #2 (Buy).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.