Daktronics Inc. (NASDAQ: 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. (NYSE: GTI), Universal Electronics Inc. (NASDAQ: UEIC) and GigOptix, Inc. (AMEX: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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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. (NYSE: GTI), Universal Electronics Inc. (NASDAQ: UEIC) and GigOptix, Inc. (AMEX:GIG). While GrafTech International and Universal Electronics sports a Zacks Rank #1 (Strong Buy), GigOptix has a Zacks Rank #2 (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.
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DAKTRONICS INC (NASDAQ: DAKT): Free Stock Analysis Report
GIGOPTIX INC (AMEX:GIG): Free Stock Analysis Report
UNIVL ELECTRS (NASDAQ: UEIC): Free Stock Analysis Report
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