iRobot (IRBT) Crumbles: StockFalls by 7.4%

Zacks

iRobot Corporation (IRBT) saw a big move last session, as the company’s shares fell 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 continues the recent downtrend for IRBT, as the stock is now down nearly 7% in the past one-month time frame.

The provider of robotic technology-based solutions 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 of this firm in the near future, and especially on earnings estimates following the recent slump.

IRBT currently has a Zacks Rank #3 (Hold).

Some better-ranked stocks in the same sector include HollySys Automation Technologies, Ltd. (HOLI), Rockwell Automation Inc. (ROK) and Ingersoll-Rand Plc (IR). While HollySys Automation holds a Zacks Rank #1 (Strong Buy), Rockwell Automation and Ingersoll-Rand carry a Zacks Rank #2 (Buy).

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IROBOT CORP (IRBT): Free Stock Analysis Report

HOLLYSYS AUTOMATION TECH LTD BRI (HOLI): Free Stock Analysis Report

ROCKWELL AUTOMATION INC (ROK): Free Stock Analysis Report

INGERSOLL RAND PLC IRELAND NEW (IR): Free Stock Analysis Report


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