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Hansen Medical (HNSN) in Focus: Stock Tumbles 7.4%

Zacks Equity Research

Hansen Medical, Inc. (HNSN) saw a big move last session, as the company’s shares fell by over 7% 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 downtrend for HNSN as the stock is now down 47.58% in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as Hansen Medical has seen 1 negative revision in the past few weeks and its current year consensus loss estimate has widened 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.

HNSN currently has a Zacks Rank #4 (Sell).
Some better-ranked stocks in the medical instruments industry include RTI Surgical Inc. (RTIX), Accuray Incorporated (ARAY) and Globus Medical, Inc. (GMED). While RTI Surgical carries a Zacks Rank #1 (Strong Buy), Accuray Incorporated and Globus Medical hold a Zacks Rank #2 (Buy).

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HANSEN MEDICAL INC (HNSN): Free Stock Analysis Report

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