Why AngioDynamics Stock Is Sinking Today
Shares of (NASDAQ: ANGO) were sinking 13.1% as of 11:02 a.m. ET. The sell-off came after the medical technology company announced its third-quarter results before the market open.
Those results were actually quite good. AngioDynamics reported Q3 revenue of $79.4 million, up 8.8% year-over-year on a pro forma basis and higher than the consensus Wall Street estimate of $76.4 million. The company posted an adjusted loss of $59,000, which amounted to roughly $0.00 per share. Analysts expected an adjusted net loss of $0.10 per share.
So why did this medical device stock sell off so heavily? Probably because AngioDynamics announced the unexpected retirement of CEO Jim Clemmer.
Source Fool.com
Angiodynamics Inc. Aktie
?
-0,56 %
Die Angiodynamics Inc. Aktie wartet noch auf mehr Einschätzungen für eine klare Richtung.
Für Angiodynamics Inc. sieht die Community ein Kursziel von 13 €, was eine erhebliche Steigerung um über 20% gegenüber dem aktuellen Kurs von 8.9 € bedeutet.
