Dorman Products, Inc.DORM was a big mover last session, as the company saw its shares rise over 7% on the day. The upside was driven by the company’s announcement of better-than-expected earnings for the second-quarter 2016. This led to solid 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 above the volatile price range of $53.50 to $57.33 in the past one-month time frame.
None of the estimates for this 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.
Dorman Products currently sports a Zacks Rank #1 (Strong Buy).
Another favorably placed stock in the same industry is SPX Corporation SPXC, carrying a Zacks Rank #2 (Buy).
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