PMFG (PMFG) Falls: Stock Goes Down 6.3%
PMFG, Inc. (PMFG) saw a big move last session, as the company’s shares fell over 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for PMFG as the stock is now up nearly 17% in the past one-month time frame.
This slump shouldn’t be too much of a surprise to investors, as the as the pollution control company has seen 2 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.
PMFG currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.
Some better-ranked stocks in the same sector include Fuel-Tech, Inc. (FTEK), Landauer Inc. (LDR) and Pure Cycle Corporation (PCYO). All these stocks hold a Zacks Rank #2 (Buy).
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PMFG INC (PMFG): Free Stock Analysis Report
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