ITT Inc. (ITT - 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 stock, which remained volatile and traded within the range of $46.22 –$58.90 in the past one-month time frame, witnessed a sharp increase on Friday.
The move came after the company reported solid third-quarter 2018 results.
The company has seen a mixed track record when it comes to estimate revision of no increase and one decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter has remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
ITT currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Investors interested in the Diversified Operations industry may consider a better-ranked stock like Macquarie Infrastructure Company (MIC - 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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