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Adept Technology (ADEP) in Focus: Stock Tanks 19.1%
August 27, 2014

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Adept Technology Inc. saw a big move last session, as the company’s shares fell by over 19% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $8.82–$11.13 in the past one-month time frame, showed a sharp decline yesterday at $9.01.

The industrial and mobile robots manufacturer has seen a flat track record when it comes to current year estimate revisions over the past few weeks, and the consensus for earnings 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.

ADEP currently has a Zacks Rank #3 (Hold).

Some better-ranked stocks from the broader industrial sector include Sealed Air Corporation (SEE - Free Report) , NN Inc. (NNBR - Free Report) and Multi-Color Corp. (LABL - Free Report) . All these stocks hold a Zacks Rank #1 (Strong Buy).

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