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Lumenis (LMNS) Crumbles: Stock Falls by 6%

Zacks Equity Research

Lumenis Ltd (LMNS) saw a big move last session, as the company’s shares fell by about 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $8.18–$9.83 in the past one-month time frame, showed a sharp decline yesterday at $8.77.

Although this slump was obviously disappointing, this surgical devices manufacturer has seen 1 positive revision and its current year earnings consensus has moved higher over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for LMNS. So make sure to keep an eye on this stock going forward to see if yesterday’s price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.

LMNS currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the Medical Instruments industry include Alphatec Holdings, Inc. (ATEC), RTI Surgical Inc. (RTIX) and Edwards Lifesciences Corp. (EW). Among these stocks, Alphatec and RTI Surgical carry a Zacks Rank #1 (Strong Buy), while Edwards carries a Zacks Rank #2 (Buy).

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LUMENIS LTD CL B ORD (LMNS): Free Stock Analysis Report

EDWARDS LIFESCIENCES CORP (EW): Free Stock Analysis Report

RTI SURGICAL INC (RTIX): Free Stock Analysis Report

ALPHATEC HOLDINGS INC (ATEC): Free Stock Analysis Report

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