The Advisory Board Company was a big mover last session, as the company saw its shares rise over 6% 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 trend for the company—as the stock is now down 5.6% in the past one-month time frame.
The stock gained after the company reported that it reached a $2.58 billion deal to sell its education and health care businesses.
The company has seen a mixed track record when it comes to estimate revisions of four increases and five decreases over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Advisory Board currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
A better-ranked stock in the Medical Services industry is BioTelemetry, Inc. (BEAT - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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