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Weakness Seen in Intermolecular (IMI): Stock Tumbles 8.5%
February 10, 2014

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Intermolecular, Inc. saw a big move last session, as the company’s shares fell by nearly 9% 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 IMI, as the stock is now down over 17% since Jan 15.

This slump shouldn’t be too much of a surprise to investors, as the manufacturer of semi-conductor equipment and materials has seen 1 negative revision 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.

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

Some better-ranked stocks in the electrical miscellaneous components manufacturing sector include AAC Technologies Holdings Inc. (AACAY - Free Report) , TTM Technologies Inc. (TTMI - Free Report) and KEMET Corp. (KEM - Free Report) . While AAC Technologies and TTM Technologies carry a Zacks Rank #1 (Strong Buy), KEMET holds a Zacks Rank #2 (Buy).

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