QLT Inc. (QLTI) Surges: Stock Moves 11.8% Higher

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QLT Inc. (QLTI) was a big mover last session, as the company saw its shares rise nearly 12% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the company’s recent trend, as the stock is now trading above the volatile price range of $4.31 to $4.63 in the past one-month time frame.

This biotechnology stock has seen one negative estimate revision in the past 30 days. Its Zacks Consensus Estimate also moved lower over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.

QLT has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%

Some better-ranked stocks in the med-drugs sector include Jazz Pharmaceuticals Public Limited Company (JAZZ), BioSpecifics Technologies Corp. (BSTC) and Lannett Company, Inc. (LCI). All these stocks carry a Zacks Rank #1 (Strong Buy).

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