Astec Industries (ASTE) Jumps: Stock Rises 6.7% – Tale of the Tape

Zacks

Astec Industries, Inc. (ASTE) was a big mover last session, as the company saw its shares rise by roughly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend of the company as the stock has now gained almost 22% since Feb 19.

This farm & construction machinery company has seen two positive and two negative estimate revisions over the last 30 days while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for Astec Industries. So make sure to keep an eye on this stock going forward to see if this recent move higher can turn into more strength down the road.

Astec Industries has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

Some better-ranked stocks in the industrial goods sector include The Manitowoc Company, Inc. (MTW), Ball Corporation (BLL) and Komatsu Ltd. (KMTUY). While The Manitowoc Company and Ball Corporation hold a Zacks Rank #1 (Strong Buy), Komatsu carries a Zacks Rank #2 (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

Leave a Reply