This slump shouldn't be too much of a surprise to investors, as this medical devices manufacturing company has seen 1 negative revision 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.
MR currently has a Zacks Rank #4 (Sell).
Some better-ranked stocks in the Medical Instruments industry include Delcath Systems, Inc. (NASDAQ: DCTH), RTI Surgical Inc. (NASDAQ: RTIX) and Accuray Incorporated (NASDAQ: ARAY). Among these stocks, Delcath and RTI Surgical carry a Zacks Rank #1 (Strong Buy), while Accuray carries a Zacks Rank #2 (Buy).
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ACCURAY INC (NASDAQ: ARAY): Free Stock Analysis Report
DELCATH SYS INC (NASDAQ: DCTH): Free Stock Analysis Report
MINDRAY MEDICAL (NYSE: MR): Free Stock Analysis Report
RTI SURGICAL (NASDAQ: RTIX): Free Stock Analysis Report
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