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Rockwell Medical (RMTI) Jumps: Stock Moves 8.3% Higher

Zacks Equity Research

Rockwell Medical, Inc. (RMTI) was a big mover last session with its shares rising over 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent downtrend of the company as the stock has lost 7% in the past one-month time frame.

This integrated biopharmaceutical company provider has seen a mixed track record when it comes to estimate revisions of 1 increase and 2 decreases in the last 60 days. Meanwhile, the Zacks Consensus Estimate has moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can turn into more strength down the road.

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

Some better-ranked stocks worth considering in the medical products industry are ICU Medical, Inc. (ICUI), Abaxis, Inc. (ABAX) and Eagle Pharmaceuticals Inc. (EGRX). While ICU Medical sports a Zacks Rank #1 (Strong Buy), Abaxis and Eagle Pharmaceuticals carry a Zacks Rank #2 (Buy).

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ROCKWELL MEDICAL INC (RMTI): Free Stock Analysis Report

ICU MEDICAL INC (ICUI): Free Stock Analysis Report

ABAXIS CP (ABAX): Free Stock Analysis Report

EAGLE PHARMACEUTICALS INC (EGRX): Free Stock Analysis Report


Zacks Investment Research