ExOne Sharply Lower After Q3 Miss

ExOne Co XONE shares are lower by $2.30 at $8.13 in Tuesday's session. The catalyst for the decline is a Q3 miss for EPS of $0.39 on roughly half of the sales predicted. The issue, which over doubled from its August 21 low ($5.81) to $12.30 on November 3, it is surrendering most of those gains in today's session.

After bottoming off the open at $7.99, it rebounded to $9.27 before drifting back towards the lows for the day. If the decline continues through the intra-day low, there may be additional support at its October 6 low ($7.52).

Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.

Do you like this article? Do you have suggestions for improvement? Please email feedback@benzinga.com