Horsehead Holding Corp. ZINC saw a big move last session, as the company’s shares fell by almost 11% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for ZINC as the stock is now up significantly since Oct 2, 2015.
This slump shouldn’t be too much of a surprise to investors, as the metal producer has seen 2 negative revisions in the past few weeks and its current year earnings consensus has 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.
ZINC currently has a Zacks Rank #4 (Sell) while its Earnings ESPis 0.00%.
A better-ranked stock in the same industry is Global Brass and Copper Holdings, Inc. BRSS, holding a Zacks Rank #1 (Strong Buy).
Is ZINC going up? Or down? Predict to see what others think: Up or Down
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Click to get this free report HORSEHEAD HLDG (ZINC): Free Stock Analysis Report GLOBAL B&C HLD (BRSS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research