Sterling Construction (STRL) in Focus: Stock Tumbles 6.9% – Tale of the Tape

Zacks

Sterling Construction Co. Inc. (STRL) saw a big move last session, as the company’s shares fell nearly 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for STRL, as the stock is now down over 50% in the past one-month time frame.

Although this slump was obviously disappointing, the company in heavy construction space has seen its current quarter and current year estimates go up in the past 30 days. This suggests that the recent slump might be a temporary blip on the radar for STRL. So make sure to keep an eye on this stock going forward to see if yesterday’s price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.

STRL currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.

A better-ranked stock in the same industry is Orion Marine Group, Inc (ORN), holding a Zacks Rank #2 (Buy).

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