Jabil Circuit Inc. JBL saw a big move in the last trading session, as the company’s shares fell by nearly 6% 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 trend of the company, as JBL is now trading within the volatile price range of $23.49 to $25.93 in the past one-month time frame.
The company, which provides electronic manufacturing services and solutions globally, has not seen any estimate revision over the past month, and the current year earnings consensus hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, especially on earnings estimates following the recent slump.
JBL currently holds a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Investors interested in the Electronic Manufacturing Services industry may consider a better-ranked stock like Flextronics International Ltd. FLEX, carrying a Zacks Rank #2 (Buy).
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