Analogic Corporation (ALOG) saw a big move last session, as the company’s shares fell by nearly 12% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $71.47 to $77.30 in the past one-month time frame.
The medical imaging and security system provider has seen a flat track record when it comes to current year estimate revisions over the past few weeks and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.
ALOG currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Computer-Peripheral Equipment industry include Logitech International SA (LOGI), Mercury Systems, Inc. (MRCY) and LG Display Co., Ltd. (LPL). Among these stocks, Logitech and Mercury Systems carry a Zacks Rank #1 (Strong Buy), while LG Display carries a Zacks Rank #2 (Buy).
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