Tenaris S.A. TS was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, trading within a volatile range of $31.12-$36.09 in the past one-month time frame, showed a sharp increase yesterday.
The move came after the company reported solid fourth-quarter 2017 results.
The company has not seen any estimate revisions over the past one month, while the Zacks Consensus Estimate for the current quarter also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Tenaris currently has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
A better-ranked stock in the Industrial Products sector is Applied Industrial Technologies, Inc. AIT, which currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is TS going up? Or down? Predict to see what others think: Up or Down
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