Fox Factory Holding Corp (FOXF) saw a big move last session, as the company’s shares fell by almost 9% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for FOXF, as the stock is now down over 12% since Oct 31.
The automobile products company has seen a flat record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), 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.
FOXF currently has a Zacks Rank #4 (Sell).
Some better-ranked stocks in the same sector include Douglas Dynamics, Inc. (PLOW), STRATTEC Security Corporation (STRT) and Toyota Motor Corporation (TM). All these stocks hold a Zacks Rank #1 (Strong Buy).
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