Craft Brew Alliance, Inc. (BREW) 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 $10.02 to $11.17 in the past one-month time frame.
On Aug 5, the company reported weaker-than-expected second quarter 2015 results which prompted the price fall.
The beverages company 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.
BREW currently has a Zacks Rank #4 (Sell).
A better-ranked stock in the same sector is Compania Cervecerias Unidas S.A. (CCU) holding a Zacks Rank #1 (Strong Buy).
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