Electro Scientific Industries, Inc. (ESIO - Free Report) was a big mover last session, as the company saw its shares rise over 20% on the day. The move came on solid volume with 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 $8.35 to $8.92 in the past one-month time frame.
None of the estimates for this stock were revised in the last 30 days and the Zacks Consensus Estimate also remained unchanged. Friday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Currently, Electro Scientific Industries carries a Zacks Rank #3 (Hold).
A better-ranked stock in the same industry 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.
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