Innodata (INOD) Catches Eye: Stock Surges 13.9% – Tale of the Tape

Zacks

Innodata Inc. (INOD) was a big mover last session, with shares rising nearly 14% on the day. The move came on solid 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 above the past one month’s volatile price range of $2.71 to $2.98.

This technology software and services company has seen no estimate revisions in the last 30 days. The Zacks Consensus Estimate hasn’t been in trend either. Yesterday’s rally is encouraging though, so make sure to keep a close watch on this firm in the near future.

Innodata currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Better-ranked stocks in the same sector include Ebix Inc. (EBIX), iGATE Corp. (IGTE) and PDF Solutions Inc. (PDFS). All these stocks carry a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

To read this article on Zacks.com click here.

Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.

Be the first to comment

Leave a Reply