Banro Corporation (BAA) was a big mover last session, as its shares rose nearly 10% on the day. The rise came on solid volume too with far more shares changing hands than in a normal session. This reverses the trend for the company since Feb 11, as the stock is now down over 6%.
In the last 30 days, the company witnessed one estimate revision while the Zacks Consensus Estimate remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Banro currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Other better-ranked stocks worth considering in the broader basic material sector include AK Steel Holding Corporation (AKS), Akzo Nobel NV (AKZOY) and Alexco Resource Corporation (AXU). All three hold a Zacks Rank #2 (Buy).
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