U.S. Markets closed

ICU Medical (ICUI) Crumbles: Stock Falls by 6.6%

Zacks Equity Research

ICU Medical, Inc. (ICUI) saw a big move last session, as the company’s shares fell by nearly 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 ICUI as the stock is now down over 11% in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as this supplier of medical instrument has seen 2 negative revisions in the past few weeks and its current year earnings 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.

ICUI currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the health care sector include NuVasive, Inc. (NUVA), Baxter International Inc. (BAX) and Covidien plc (COV). While NuVasive holds a Zacks Rank #1 (Strong Buy), Baxter and Covidien carry a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

ICU MEDICAL INC (ICUI): Free Stock Analysis Report

NUVASIVE INC (NUVA): Free Stock Analysis Report

BAXTER INTL INC (BAX): Free Stock Analysis Report

(COV): Free Stock Analysis Report

Zacks Investment Research