Essex Rental (ESSX) Falls: Stock Goes Down 8.2%

Zacks

Essex Rental Corp. (ESSX) saw a big move last session, as the company’s shares fell over 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for ESSX, as the stock is now down about 4% in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as the bio-based chemicals company has seen 1 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

ESSX currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.

Some better-ranked stocks in the same sector include JTH Holding, Inc. (TAX), Odyssey Marine Exploration Inc. (OMEX) and SouFun Holdings Ltd. (SFUN). All these stocks hold a Zacks Rank #1 (Strong Buy).

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ESSEX RENTAL CORP (ESSX): Free Stock Analysis Report

JTH HOLDING CL A D/B/A LIBERTY T (TAX): Free Stock Analysis Report

ODYSSEY MARINE EXPLORATION INC (OMEX): Free Stock Analysis Report

SOUFUN HOLDINGS LTD (SFUN): Free Stock Analysis Report


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