II-VI Incorporated (IIVI - Free Report) was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too 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 $35.35 to $40.45 in the past one-month time frame.
The move came after the company reported solid fourth-quarter fiscal 2017 results.
The company has not seen any estimate revisions over the past few weeks, but its Zacks Consensus Estimate for the current quarter has moved lower over the past few weeks. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
II-VI Incorporated currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
II-VI Incorporated Price and Consensus
A better-ranked stock in the Manufacturing - Electronics industry is Schneider Electric SE (SBGSY - Free Report) which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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