FEI Company FEIC saw a big move in the last trading session, as the company’s shares fell by nearly 6% 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 FEIC is now trading below the volatile price range of $77.24 to $81.32 in the past one-month time frame.
The company, which supplies scientific instruments and related services for nanoscale applications and solutions for industry and science, 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.
FEIC currently holds a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Investors interested in the broader Computer & Technology sector may consider a better-ranked stock like Cray Inc. CRAY, carrying a Zacks Rank #1 (Strong Buy).
Is FEIC going up? Or down? Predict to see what others think: Up or Down
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