Lexmark International Inc. was a big mover last session, as the company saw its shares rise more than 7% on the day. Shares moved up after the company confirmed that it was exploring strategic alternatives to boost shareholder value. This led to solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend of the company, as the stock is now up 23.4% over the past one-month time frame.
None of the estimates for this office automation and equipment industry stock were revised over the past 30 days. The Zacks Consensus Estimate however moved up over the same time frame, suggesting that more solid trading could be ahead for Lexmark. So make sure to keep an eye on this stock going forward to see if Friday’s jump can turn into more strength down the road.
Lexmark carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
However, better-ranked stock in the same space is Ricoh Company, Ltd. (RICOY - Free Report) , sporting a Zacks Rank #1 (Strong Buy).
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