MYR Group, Inc. MYRG saw a big move in the last trading session, as the company's shares fell by over 5% 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 trend for MYRG, as the stock is now down nearly 9% since Jul 18.
This slump shouldn't be too much of a surprise to investors, as the provider of electrical construction services has seen 2 negative revisions in the past few weeks and its current year earnings consensus has also 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.
MYRG currently holds a Zacks Rank #4 (Sell).
Investors interested in the Industrial Products sector may consider better-ranked stocks like Blount International Inc. BLT, Multi-Color Corp. LABL and Sealed Air Corporation SEE, each of which holds a Zacks Rank #1 (Strong Buy).
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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
MYR GROUP INC MYRG: Free Stock Analysis Report
BLOUNT INTL BLT: Free Stock Analysis Report
MULTI-COLOR LABL: Free Stock Analysis Report
SEALED AIR CORP SEE: Free Stock Analysis Report
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