ChyronHego (CHYR) Falls: Stock Goes Down 7.7% - Tale of the Tape

ChyronHego Corp. CHYR saw a big move last session, as the company's shares fell almost 8% 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 $2.02 to $2.51 in the past one-month time frame.

This slump shouldn't be too much of a surprise to investors, as the graphics solution company 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.

CHYR currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.

Some better-ranked stocks in the same sector include Alliance Fiber Optic Products Inc. AFOP, Applied Micro Circuits Corporation AMCC and AU Optronics Corp. AUO. All these stocks hold a Zacks Rank #1 (Strong Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.

Click to get this free report

ALLIANCE FIBER AFOP: Free Stock Analysis Report

APPLD MICRO CIR AMCC: Free Stock Analysis Report

AU OPTRONCS-ADR AUO: Free Stock Analysis Report

CHYRONHEGO CORP CHYR: Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Market News and Data brought to you by Benzinga APIs