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Although this slump was obviously disappointing, the biotechnology company has seen 2 positive revisions and its current year loss consensus has narrowed down over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for CNAT. 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.
CNAT currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the Medical Products industry include Cardica Inc. CRDC, ICU Medical, Inc. ICUI and NeuroMetrix Inc. NURO. All the three stocks carry a Zacks Rank #2 (Buy).
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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 reportCONATUS PHARMA CNAT: Free Stock Analysis Report
CARDICA INC CRDC: Free Stock Analysis Report
ICU MEDICAL INC ICUI: Free Stock Analysis Report
NEUROMETRIX INC NURO: Free Stock Analysis Report
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