JMP Group Inc. (JMP) was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid 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 above the volatile price range of $6.13 to $6.60 in the past one-month time frame.
This investment brokerage firm witnessed one downward estimate revision over the past 30 days. The Zacks Consensus Estimate also moved down over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.
JMP Group has a Zacks Rank #3 (Hold), while its Earnings ESP is positive.
However, investors interested in the sector may consider better-ranked stocks like Arlington Asset Investment Corp. (AI), BGC Partners, Inc. (BGCP) and FXCM Inc. (FXCM). While Arlington Asset Investment sports a Zacks Rank #1 (Strong Buy), BGC Partners and FXCM hold a Zacks Rank #2 (Buy).
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