Itron, Inc. (ITRI) saw a big move in the last trading session, as the company’s shares fell by over 14% 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 recent downtrend for ITRI as the stock is now down nearly 18% in the past one-month time frame.
The company, a global provider of electric, natural gas, and water utilities solutions, has seen 1 negative estimate revision over the past month, though the earnings consensus hasn’t been in a trend. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, especially on earnings estimates following the recent slump.
ITRI currently holds a Zacks Rank #4 (Sell) while its Earnings ESP is positive.
Investors interested in the Computer and Technology sector may consider better-ranked stocks like AAC Technologies Holdings Inc. (AACAY), Crown Castle International Corp. (CCI) and DHT Cadence Design Systems Inc. (CDNS), all of which carry a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
To read this article on Zacks.com click here.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
Be the first to comment