Axcelis Technologies (ACLS) in Focus: Stock Gains 8.7% – Tale of the Tape

Zacks

Axcelis Technologies Inc. (ACLS) was a big mover last session, as the company saw its shares rise nearly 9% 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 $1.81 to $2.04.

This semiconductor equipment and materials manufacturer has seen no estimate revision in the last 30 days. Meanwhile, the Zacks Consensus Estimate has moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can turn into more strength down the road.

Axcelis Technologies currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is positive.

Better-ranked stocks in the electronic/machinery manufacturing industry include MKS Instruments, Inc. (MKSI), Tessera Technologies Inc. (TSRA) and Brooks Automation, Inc. (BRKS). While MKS Instruments and Tessera Technologies sport a Zacks Rank #1 (Strong Buy), Brooks Automation holds a Zacks Rank #2 (Buy).

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