Montage Technology (MONT) Surges: Stock Moves 13.8% Higher – Tale of the Tape

Montage Technology Group Limited (MONT) was a big mover last session, as the company saw its shares rise by almost 14% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend of the company as the stock has now gained over 26% since Nov 14.

This semi analog and mixed company has seen one upward estimate revision in the past one month and the Zacks Consensus Estimate has moved higher over the same time frame, suggesting that more solid trading could be ahead for Montage Technology. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Montage Technology currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Some better-ranked stocks in the same sector include Inphi Corporation (IPHI), Microchip Technology Inc. (MCHP), Supertex Inc. (SUPX). All these stocks carry a Zacks Rank #2 (Buy).

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