Axcelis Technologies Inc. (ACLS) was a big mover last session, as the company saw its shares surge around 11% on the day. The upside came after the company reported better-than-expected second-quarter 2015 results. The news led to far more shares changing hands than in a normal session resulting in solid volume. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $2.75 to $3.09 in the past one-month time frame.
None of the estimates for this manufacturing machinery 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.
Axcelis technologies currently carries a Zacks Rank #2 (Buy).
Another favorably placed stock in the same industry is Entegris, Inc. (ENTG), sporting a Zacks Rank #1 (Strong 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