NCR Corporation (NCR) saw a big move last session, as the company’s shares fell by over 5% 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 NCR, as the stock is now down about 10% since Jun 16.
The technology company has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (1 increase, 2 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.
NCR currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Investors interested in the Computer-Integrated Systems industry may consider better-ranked stock like USA Technologies Inc. (USAT), which carries a Zacks Rank #1 (Strong Buy).
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