Middleby (MIDD) Looks Good: Stock Adds 5.3% in Session

Zacks

Middleby Corp. (MIDD) was a big mover last session, as the company saw its shares rise over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company — as the stock is now up nearly 12% since May 21, 2014.

The company has seen no estimate revision over the past 7 days, while the Zacks Consensus Estimate remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Middleby currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Investors interested in the diversified machinery industry may consider stocks like Blount International Inc. (BLT), IDEX Corporation (IEX) and Illinois Tool Works Inc. (ITW). All these stocks have a Zacks Rank #2 (Buy).

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