Colfax Corporation (CFX - Free Report) was a big mover last session, as the company saw its shares rise more than 6% 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 $21.96 to $25.24 in the past one-month time frame.
The upmove came after the company reported better-than-expected fourth-quarter 2018 results.
The company has seen a mixed track record when it comes to estimate revisions of no increase and two decrease over the past few weeks, while 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.
Colfax currently has a Zacks Rank #2 (Buy) while its Earnings ESP is negative.
Another stock worth considering in the Manufacturing - General Industrial industry is Chart Industries, Inc. (GTLS - Free Report) which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is CFX going up? Or down? Predict to see what others think:Up or Down
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