Compass Diversified Holdings (CODI) saw a big move last session, as the company’s shares fell by nearly 6% on the day. The move came on pretty good 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 below the volatile price range of $18.08 to $18.66 in the past one-month time frame.
Compass Diversified Holdings has seen flat track record when it comes to current year estimate revisions over the past few weeks (no increase, no decrease), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.
CODI currently has a Zacks Rank #5 (Strong Sell).
Some better-ranked stocks in the retail sector include Icahn Enterprises, L.P. (IEP), Noble Group Limited (NOBGY) and Sumitomo Corporation (SSUMY). All of these stocks carry a Zacks Rank #1 (Strong Buy).
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COMPASS DIVERSIFIED HOLDINGS SBI (CODI): Free Stock Analysis Report
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