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Xcerra (XCRA) Shows Strength: Stock Adds 7% in Session

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Xcerra Corporation was a big mover last session, as its shares rose 7% on the day. The move came after the company announced plans to be acquired by a Chinese private equity fund for approximately $580 million. 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 $8.62 to $9.15 in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Xcerra currently carries a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Another top-ranked stock in the Semiconductor – General space is Sumco Corporation (SUOPY - Free Report) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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