Banro Corporation (BAA) was a big mover last session, as its shares rose nearly 20% on the day. The rise came on solid volume too with far more shares changing hands than in a normal session. This breaks the trend for the company, as the stock is now trading above the volatile price range of $0.55 to $0.63 in the past one-month timeframe.
In the last 30 days, the company witnessed one positive 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 Corp. 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 AngloGold Ashanti Ltd. (AU). While AK Steel and AngloGold sport a Zacks Rank #1 (Strong Buy), Akzo Nobel holds 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