Orbotech Ltd. (ORBK) was a big mover last session, as the company saw its shares rise roughly 6% on the day. The upside came after the company announced that a major Pacific printed circuit boards manufacturer has placed a large order, valued roughly $8 million, for multiple systems with an expected delivery in second-quarter 2015. The news led to far more shares changing hands than in a normal session resulting in solid volume. This continues the recent uptrend for the company as the stock is now up 15.5% in the past one-month time frame.
The company has seen one positive revision in the past one month, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for this stock. So make sure to keep an eye on this electronic measuring instrument manufacturer going forward to see if this recent jump can turn into more strength down the road.
Orbotech currently carries a Zacks Rank #1 (Strong Buy), while its Earnings ESP is 0.00%.
Another favorably placed stock in the same industry is Cascade Microtech Inc. (CSCD), carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Be the first to comment