Weakness Seen in Layne (LAYN): Stock Tanks 14.2% - Tale of the Tape

Layne Christensen Company (NASDAQ: LAYN) saw a big move last session, as the company's shares fell over 14% 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 $14.18 to $15.46 in the past one-month time frame.

The provider of water management, construction, and drilling services  has seen a mixed track record when it comes to current year estimate revisions over the past few weeks with no change, 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 of this firm in the near future, and especially on earnings estimates following the recent slump.

LAYN currently has a Zacks Rank #3 (Hold).

Some better-ranked stocks in the same sector include Willdan Group, Inc. (NASDAQ: WLDN), Quanta Services, Inc. (NYSE: PWR) and EMCOR Group Inc. (NYSE: EME). While Willdan Group holds a Zacks Rank #1 (Strong Buy), Quanta Services and EMCOR Group carry 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. Click to get this free report
 
LAYNE CHRISTENS (NASDAQ: LAYN): Free Stock Analysis Report
 
WILLDAN GROUP (NASDAQ: WLDN): Get Free Report
 
QUANTA SERVICES (NYSE: PWR): Free Stock Analysis Report
 
EMCOR GROUP INC (NYSE: EME): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research