OrthoPediatrics (KIDS) Catches Eye: Stock Jumps 10.3%
OrthoPediatrics Corp. KIDS was a big mover last session, as the company saw its shares rise more than 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $26.33 –$33.10 in the past one-month time frame, witnessed a sharp increase on Friday.
The move follows after the company announced the pricing of its underwritten follow-on public offering of common stock.
The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
OrthoPediatrics currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
OrthoPediatrics Corp. Price
OrthoPediatrics Corp. Price | OrthoPediatrics Corp. Quote
Investors interested in the Medical – Instruments industry may consider a better-ranked stock like Penumbra, Inc. PEN, which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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