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Echo Global (ECHO) Slumps: Stock Falls 5.4% in Session

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Echo Global Logistics, Inc. (ECHO - Free Report) saw a big move last session, as the company’s shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for ECHO, as the stock is now down almost 17% in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as this technology-enabled transportation and supply chain management services provider has seen 3 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

ECHO currently has a Zacks Rank #5 (Strong sell) while its Earnings ESP is 0.0%.

Some better-ranked stocks in the Transport Services sector include Expeditors International of Washington Inc. (EXPD - Free Report) , Grupo Aeroportuario del Pacifico S.A.B. de CV (PAC - Free Report) and Student Transportation, Inc. . All these stocks hold a Zacks Rank #2 (Buy).

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