Daktronics (DAKT) Crumbles: Stock Tanks 18.5% - Tale of the Tape

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Daktronics Inc. DAKT saw a big move last session, as the company's shares fell nearly 19% 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 $12.97 to $14.47 in the past one-month time frame.

The electronic equipment manufacturer 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.

DAKT currently has a Zacks Rank #3 (Hold).

Some better-ranked stocks in the same sector include GrafTech International Ltd. GTI, Universal Electronics Inc. UEIC and GigOptix, Inc. GIG. While GrafTech International and Universal Electronics sports a Zacks Rank #1 (Strong Buy), GigOptix has a Zacks Rank #2 (Buy).

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DAKTRONICS INC DAKT: Free Stock Analysis Report

GIGOPTIX INC GIG: Free Stock Analysis Report

GRAFTECH INTL GTI: Free Stock Analysis Report

UNIVL ELECTRS UEIC: Free Stock Analysis Report

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