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Strength Seen in Ritchie Bros. (RBA): Stock Soars 7.7%
Ritchie Bros. Auctioneers Incorporated (RBA - Free Report) was a big mover last session, as the company saw its shares rise nearly 8% 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 49.5% in the past one-month time frame.
The company has seen five positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Ritchie Bros. So, make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Ritchie Bros. currently sports a Zacks Rank #1 (Strong Buy) while its Earnings ESP is positive.
Ritchie Bros. Auctioneers Incorporated Price
Ritchie Bros. Auctioneers Incorporated price | Ritchie Bros. Auctioneers Incorporated Quote
Another stock worth considering in the Auction and Valuation Services industry is Liquidity Services, Inc. (LQDT - Free Report) which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
See the 5 high-tech stocks now>>