This slump shouldn’t be too much of a surprise to investors, as this polymer products manufacturer has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
MYE currently has a Zacks Rank #4 (Sell).
Some better-ranked stocks in the broader industrial products sector include Belden Inc. (BDC), NN Inc. (NNBR) and Kadant Inc. (KAI). All these stocks hold a Zacks Rank #1 (Strong Buy).
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