CIRCOR International, Inc. CIR saw a big move in the last trading session, as the company’s shares fell by over 6% on Friday. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent trend for CIR, as the stock is now down nearly 19% in the past one-month time frame.
The company, which designs, manufactures, and distributes valves and other engineered products, and sub-systems, 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.
CIR currently holds a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Investors interested in the broader Basic Materials sector may consider a better-ranked stock like Ferro Corporation FOE, carrying a Zacks Rank #1 (Strong Buy).
Is CIR going up? Or down? Predict to see what others think: Up or Down
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