Turtle Beach Corporation (HEAR - Free Report) was a big mover last session, as its shares rose almost 36% on the day. The move came after the company announced strong third-quarter 2016 results on Nov 10 and also raised its 2016 revenue outlook. This led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $1.25 to $1.42 in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days while the Zacks Consensus Estimate moved higher, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Turtle Beach currently carries a Zacks Rank #3 (Hold).
A better-ranked stock in the communications components space is KVH Industries Inc. (KVHI - Free Report) , which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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