Aerojet Rocketdyne Holdings (AJRD) in Focus: Stock Tumbles 9.7%

Aerojet Rocketdyne Holdings, Inc. (AJRD) saw a big move last session, as the company's shares fell nearly 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 recent downtrend for AJRD, as the stock is now down nearly 23% since Sep 9.

The aerospace and defense products and systems provider 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.

AJRD currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

A better-ranked stock in the same sector is LMI Aerospace Inc. LMIA, holding a Zacks Rank #1 (Strong Buy).

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