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Kulicke and Soffa (KLIC) Jumps: Stock Rises 20.4%
Kulicke and Soffa Industries, Inc. (KLIC - Free Report) was a big mover last session, as the company saw its shares rise more than 20% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 29.8% in the past one-month time frame.
The move came after the company reported strong fourth-quarter financials.
The company has seen no estimate revisions over the past few weeks and the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Kulicke and Soffa currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Kulicke and Soffa Industries, Inc. Price
Kulicke and Soffa Industries, Inc. Price | Kulicke and Soffa Industries, Inc. Quote
A better-ranked stock in the Electronics - Manufacturing Machinery industry is Axcelis Technologies, Inc. (ACLS - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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