ORBCOMM (ORBC) Crumbles: Stock Falls by 6% - Tale of the Tape
20 Marzo 2014 - 1:53PM
Zacks
ORBCOMM, Inc. (ORBC)
saw a big move last session, as the company’s shares fell by over
6% on the day. The move came on pretty good volume too with far
more shares changing hands than in a normal session. This continues
the recent downtrend for ORBC, as the stock is now down over 4% in
the past one-month time frame.
This slump shouldn’t be too much of a surprise to investors, as the
wireless data communications company 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.
ORBC currently has a Zacks Rank #4 (Sell) while its Earnings ESP is
0.
Some better-ranked stocks in the same sector include Acxiom
Corporation (ACXM), Accelrys Inc. (ACCL)
and Active Power Inc. (ACPW). All these stocks
hold a Zacks Rank #2 (Buy).
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