Delcath Systems, Inc. (DCTH) was a big mover last session with shares surging over 20% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent downtrend of the company, as the stock has lost 20% since March 19.
This specialty pharmaceutical and medical device company has seen one positive estimate revision in the last 30 days. The Zacks Consensus Estimate has also moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if yesterday’s sharp climb can turn into more strength down the road.
Delcath Systems currently holds a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%.
Investors interested in the medical instruments industry can also consider other stocks like Cynosure, Inc. (CYNO), Syneron Medical Ltd. (ELOS) and Globus Medical, Inc. (GMED). All three stocks sport the same Zacks Rank as Delcath Systems.
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DELCATH SYSTEMS INC (DCTH): Free Stock Analysis Report
CYNOSURE INC (CYNO): Free Stock Analysis Report
SYNERON MEDICAL LTD ORD (ELOS): Free Stock Analysis Report
GLOBUS MEDICAL INC (GMED): Free Stock Analysis Report
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