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Tale of the Tape

Zacks Equity Research

Itron (ITRI) in Focus: Stock Plunges 14.2%
February 14, 2014


Trades from $3

Itron, Inc. (ITRI - Analyst Report) saw a big move in the last trading session, as the company’s shares fell by over 14% 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 ITRI as the stock is now down nearly 18% in the past one-month time frame.

The company, a global provider of electric, natural gas, and water utilities solutions, has seen 1 negative estimate revision over the past month, though the earnings consensus hasn’t been in a trend. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, especially on earnings estimates following the recent slump.

ITRI currently holds a Zacks Rank #4 (Sell) while its Earnings ESP is positive.

Investors interested in the Computer and Technology sector may consider better-ranked stocks like AAC Technologies Holdings Inc. , Crown Castle International Corp. (CCI - Analyst Report) and DHT Cadence Design Systems Inc. (CDNS - Snapshot Report) , all of which carry a Zacks Rank #1 (Strong Buy).

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