Weakness Seen in National Instruments Corporation (NATI): Stock Tumbles 7.0% - Tale of the Tape
04 February 2014 - 12:55AM
Zacks
National Instruments
Corporation (NATI) saw a big move last session, as the
company’s shares fell over 7% 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 $30.60 to
$32.88 in the past one-month time frame.
This slump shouldn’t be too much of a surprise to investors, as
this electrical equipments company has seen 1 negative revision 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.
NATI currently has a Zacks Rank #5 (Strong Sell) while its Earnings
ESP is negative.
Some better-ranked stocks in the Industrial Products sector include
ARC Document Solutions, Inc. (ARC), Ball
Corporation (BLL) and CIRCOR International,
Inc. (CIR). All these stocks carry a Zacks Rank #1 (Strong
Buy).
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NATL INSTRS CP (NATI): Free Stock Analysis Report
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