AVX Corp. (AVX) in Focus: Stock Jumps 5.7% – Tale of the Tape

January 8, 2015 Technicals 0

Zacks

AVX Corp. (AVX) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The price rise was backed by the company’s announcement of the Solutions for Hope pilot programs, which successfully supplied substantial quantities of coltan from its mines in the Republic of Congo. As a result, volume was solid with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 11.09% 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. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

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

A better-ranked stock in the same industry is Rogers Corporation (ROG), carrying a Zacks Rank #1 (Strong Buy).

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