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iGATE (IGTE) in Focus: Stock Falls by 5.8%
April 14, 2014

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iGATE Corporation saw a big move last session, as the company’s shares fell nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the most recent uptrend for IGTE, as the stock is now up nearly 25% since Mar 26.
This Computer Services provider has seen a flat track record when it comes to current year estimate revisions, as there has been no revision on either side over the past few weeks. The consensus for earnings estimate hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
IGTE currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the Computer Services industry include Ciber, Inc. , Computer Sciences Corporation and Ebix Inc. (EBIX - Free Report) . All these stocks carry a Zacks Rank #2 (Buy).
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