QLT Inc. (QLTI) Falls: Stock Goes Down 9.13% - Tale of the Tape
May 14 2014 - 9:00AM
Zacks
QLT Inc. (QLTI) saw a big move
last session, as the company’s shares fell by over 9% on the day.
The move came on pretty good volume too with far more shares
changing hands than in a normal session. This continues the most
recent downtrend for QLTI as the stock is now down nearly 22% since
April 24.
This slump shouldn’t be too much of a surprise to investors, as the
biotechnology company has seen 1 negative revisions in the past few
weeks and its current year loss has widened 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.
QLT currently has a Zacks Rank #4 (Sell) while its Earnings ESP is
0.0%.
Some better-ranked stocks in the same sector include
Astellas Pharma, Inc. (ALPMY), Avanir
Pharmaceuticals, Inc. (AVNR) and Shire
plc (SHPG). All these stocks carry a Zacks Rank #2
(Buy).
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SHIRE PLC-ADR (SHPG): Free Stock Analysis Report
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