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Fifth Street Asset Management (FSAM): Stock Gains 7.9%

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Fifth Street Asset Management Inc. was a big mover last session, as the company saw its shares rise almost 6% on the day. The stock rallied after the company’s announcement that it will release its earnings for the quarter ended Dec 31, 2016 on Feb 9, 2017. This breaks the recent trend of the company since Jan 4, as the stock is now trading above the volatile price range of $6.45–$7.20.

In the last 30 days, the company has seen no estimate revision and the Zacks Consensus Estimate also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Fifth Street Asset Management currently flaunts a Zacks Rank #1 (Strong Buy), while its Earnings ESP is 0.00%.

Fifth Street Asset Management Inc. Price

 

Another well-ranked Financial-Investment Management stock is OM Asset Management plc , which sports the same Zacks Rank as Fifth Street Asset Management. You can see the complete list of today’s Zacks #1 Rank stocks here.

Is FSAM going up? Or down? Predict to see what others think: Up or Down

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