Chart Industries (GTLS) Falls: Stock Tumbles 9.6% – Tale of the Tape

Zacks

Chart Industries Inc. (GTLS) saw a big move last session, as the company’s shares fell nearly 10% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for GTLS, as the stock is now up nearly 10% since Feb 3.

This manufacturer and supplier of engineered tools has seen a flat track record when it comes to current year estimate revisions, as there has been only 1 negative revision over the past few weeks. The consensus for earnings estimate hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

GTLS currently has a Zacks Rank # (Sell) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the Machine-General INDL industry include Xylem Inc. (XYL), Kadant Inc. (KAI) and IDEX Corporation (IEX). While Kadant holds a Zacks Rank #1 (Strong Buy), IDEX and Xylem carry a Zacks Rank #2 (Buy).

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