Engility Slumps: EGL Falls 7.41% in Session
Engility Holdings, Inc. (EGL) saw a big move last session, as the company’s shares fell by over 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $41.98–$45.33 in the past one-month time frame, showed a sharp decline yesterday at $41.97.
This technical service provider has seen a flat track record when it comes to current year estimate revisions over the past few weeks, 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 on this firm in the near future, and especially on earnings estimates following the recent slump.
Engility currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the same sector include Broadridge Financial Solutions, Inc. (BR), Sotheby's (BID) and CopyTele, Inc. (COPY). All these stocks carry a Zacks Rank #2 (Buy).
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ENGILITY HOLDINGS INC (EGL): Free Stock Analysis Report
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