ID Systems Inc. (IDSY) was a big mover last session, as the company saw its shares rise slightly over 10% 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 for the company as the stock is now up 35.8% in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
ID Systems Inc. has a Zacks Rank #4 (Sell) while its Earnings ESP is positive.
Some better-ranked communication equipment stocks include West Corporation (WSTC), Merus Labs International Inc. (MERU) and RF Micro Devices Inc. (RFMD). While West Corporation holds a Zacks Rank #1 (Strong Buy), Merus Labs International and RF Micro Devices carry a Zacks Rank #2 (Buy).
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