Northwest Pipe Co. NWPX saw a big move last session, as the company’s shares fell over 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 downtrend for NWPX, as the stock is now down over 17% since Nov 25.
This manufacturer of welded steel pipe has seen a flat track record when it comes to current year estimate revisions over the past few weeks and the consensus for earnings 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, and especially on earnings estimates following the recent slump.
NWPX currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.0%.
A better-ranked stock in the same sector is John Bean Technologies Corporation JBT, holding a Zacks Rank #2 (Buy).
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