AeroVironment, Inc. (AVAV - Free Report) was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 15% in the past one-month time frame.
The move came after the company reported strong fiscal fourth-quarter 2018 results.
The company has seen no estimate revisions over the past few weeks and the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
AeroVironment currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is positive.
Another stock worth considering in the Aerospace - Defense Equipment industry is Transdigm Group Incorporated (TDG - 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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