Briggs & Stratton Corporation BGG saw a big move last session, as the company’s shares fell by nearly 10% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $21.18 to $22.38 in the past one-month time frame.
The machinery company has seen a flat record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), 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.
BGG currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Investors interested in the same industry may consider better-ranked stock like Alamo Group, Inc. ALG, which carries a Zacks Rank #2 (Buy).
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