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Electro Scientific Industries (ESIO) Jumps: Stock Rises 14.1%
Electro Scientific Industries, Inc. was a big mover last session, as its shares rose over 14% on the day. The move came after the company reported fiscal fourth-quarter 2017 earnings. This led to far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 33.6% 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.
Electro Scientific Industries currently carries a Zacks Rank #3 (Hold).
Electro Scientific Industries, Inc. Price
Electro Scientific Industries, Inc. Price | Electro Scientific Industries, Inc. Quote
A better-ranked stock in the Lasers Systems and Components space is IPG Photonics Corporation (IPGP - Free Report) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is ESIO going up? Or down? Predict to see what others think: Up or Down
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>