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Columbus McKinnon (CMCO) Surges: Stock Moves 14.6% Higher

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Columbus McKinnon Corporation (CMCO - Free Report) was a big mover last session, as the company saw its shares soars almost 15% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $23.65 to $26.03 in the past one-month time frame.

The move came after the company reported solid fourth-quarter fiscal 2017 results.

The company has not seen any estimate revisions over the past one month, 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.

Columbus McKinnon currently has a Zacks Rank #4 (Sell), while its Earnings ESP is 0.00%.

A better-ranked stock in the Manufacturing - Material Handling industry is Hyster-Yale Materials Handling, Inc. (HY - Free Report) , which currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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

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