Silicon Motion Technology Corp. (SIMO) was a big mover last session, as the company saw its shares rise over 5% 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 volatile price range of $25.05 to $27.37 since Sep 10.
The company has seen no estimate revision over the past 30 days, while the Zacks Consensus Estimate has not been in a trend either. Yesterday’s jump is encouraging though, so make sure to keep a close watch on this firm in the near future.
Silicon Motion Technology currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%.
Other stocks to consider in the elec comp-semic indusstry include Ambarella, Inc. (AMBA), Amkor Technology, Inc. (AMKR) and Avago Technologies Limited (AVGO). All of these have a Zacks Rank #1.
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