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EnteroMedics (ETRM) in Focus: Stock Falls 6.0% in Session

Zacks Equity Research

EnteroMedics Inc. (ETRM) saw a big move last session, as the company’s shares fell nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent trend of the company, as ETRM is now trading within the volatile price range of $1.7 to $2.1 in the past one-month time frame.
 
This Medical instruments provider has seen a flat track record when it comes to current year estimate revisions, as there has been no revision on either side over the past few weeks. The consensus for loss estimate 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.

ETRM currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
 
Some better-ranked stocks in the Medical instruments industry include RTI Surgical Inc. (RTIX), Alphatec Holdings, Inc. (ATEC) and Natus Medical Inc. (BABY).  While RTI Surgical and Alphatec Holdings carry a Zacks Rank #1 (Strong Buy), Natus Medical hold a Zacks Rank #2 (Buy).
 
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ENTEROMEDICS INC (ETRM): Free Stock Analysis Report

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