Synaptics Inc. (SYNA) was a big mover last session, as the company saw its shares rise over 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the past one month’s volatile price range of $48.65 and $51.95.
This application software company has seen a mixed track record when it comes to estimate revisions of one increase and one decrease in the last 60 days. The Zacks Consensus Estimate has also remained unchanged over the same period. Yesterday’s rally is encouraging though, so make sure to keep a close watch on this firm in the near future.
Synaptics currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%.
Some other stocks worth considering in the same industry are Planar Systems Inc. (PLNR), Alps Electric Co. Ltd. (APELY) and Analogic Corp. (ALOG). While Analogic carries a Zacks Rank #2 (Buy), Planar Systems and Alps Electric sport the same Zacks Rank as Synaptics.
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