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PTC Therapeutics, Inc. (PTCT) Worth Watching: Stock Surges 10.4%

Zacks Equity Research

PTC Therapeutics, Inc. (NASD:PTCT) was a big mover last session, as the company saw its shares a rise a little over 10% on the day. This surge can be attributable to solid volume with far more shares changing hands than in a normal session. This continues the recent uptrend of the company, as the stock is now up 55.7% in the past one-month time frame.

In the last 30 days, the company did not witness any estimate revisions and the Zacks Consensus Estimate has hit a plateau. However, the recent price action is encouraging, so make sure to keep a close watch on this firm in the near future.

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

Some better-ranked med drug stocks include DepoMed Inc. (NASD:DEPO), Endocyte, Inc. (NASD:ECYT) ) and Lannett Company, Inc. (NYSE:LCI). All these stocks hold a Zacks Rank #1 (Strong Buy).

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