Schnitzer Steel Industries, Inc.   was a big mover last session, as the company saw its shares rise nearly 12% on the day. The upside was driven by the company’s announcement of better-than-expected earnings for the third quarter of fiscal 2016. This led to solid volume too with far more shares changing hands than in a normal session. This stock, trading in a volatile price range of $15.07 to $17.74 in the past one-month time frame, showed a pick-up yesterday at $17.60.

The company has seen one negative revision in the past one month, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

Schnitzer Steel currently carries a Zacks Rank #3 (Hold).

SCHNITZER STEEL Price

SCHNITZER STEEL Price | SCHNITZER STEEL Quote

A better-ranked stock in the Metal Fabrication industry is Ryerson Holding Corporation (RYI Quick QuoteRYI - Free Report) , sporting a Zacks Rank #1 (Strong Buy).

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