CalAmp Corp. (CAMP) was a big mover last session, as the company saw its shares rise almost 9% on the day. The move came on the company’s announcement of impressive results for first-quarter fiscal 2016 on Jun 30, 2015. This led to solid volume with far more shares changing hands than in a normal session. This reverses the recent trend of the company, as the stock is now trading above the volatile price range of $17.52 to $19.82 in the past one month.
The company has seen one negative estimate revision in the past 30 days, while the Zacks Consensus Estimate has moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher can last.
CalAmp has a Zacks Rank #5 (Strong Sell).
A better-ranked electrical component stock is Mobileye N.V. (MBLY), sporting a Zacks Rank #1 (Strong Buy).
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