Daktronics (DAKT) Crumbles: Stock Tanks 18.5% – Tale of the Tape

Zacks

Daktronics Inc. (DAKT) saw a big move last session, as the company’s shares fell nearly 19% 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 $12.97 to $14.47 in the past one-month time frame.

The electronic equipment manufacturer 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 on this firm in the near future, and especially on earnings estimates following the recent slump.

DAKT currently has a Zacks Rank #3 (Hold).

Some better-ranked stocks in the same sector include GrafTech International Ltd. (GTI), Universal Electronics Inc. (UEIC) and GigOptix, Inc. (GIG). While GrafTech International and Universal Electronics sports a Zacks Rank #1 (Strong Buy), GigOptix has 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 >>

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