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FEI Company Slumps: FEIC Falls 10.5% in Session - Tale of the Tape

FEI Company (NASDAQ: FEIC) saw a big move last session, as the company's shares fell by over 10% 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 most recent downtrend for FEIC as the stock is now down nearly 25% in the past one month time frame.

This slump shouldn't be too much of a surprise to investors, as the provider of scientific instruments for nanoscale applications has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

FEI Company currently has a Zacks Rank #3 (Hold).

Some better-ranked stocks in the same sector include Advanced Energy Industries, Inc. (NASDAQ: AEIS), Alliance Fiber Optic Products Inc. (NASDAQ: AFOP) and Amkor Technology, Inc. (NASDAQ: AMKR). All three stocks carry a Zacks Rank #1 (Strong Buy).

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The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

 

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