Astec Industries, Inc. ASTE was a big mover last session, as the company saw its shares rise over 16% on the day. The move came on solid volume 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 above the volatile price range of $53.53 to $60.27 in the past one-month time frame.
The company has seen three negative estimate revisions in the last 30 days, while the Zacks Consensus Estimate moved lower suggesting trouble down the road. So, make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Astec Industries has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the same industry is ACCO Brands Corporation ACCO, sporting a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
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