Raven Industries (RAVN) Crumbles: Stock Falls by 6.5%


Raven Industries Inc. (RAVN) saw a big move last session, as the company’s shares fell by nearly 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $27.79 to $30.16 in the past one-month time frame.

Raven Industries has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (no increase, no decrease), 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.

RAVN currently has a Zacks Rank #5 (Strong Sell).

Some better-ranked stocks in the industrial goods sector include Federal Signal Corp. (FSS), ITT Corporation (ITT) and Macquarie Infrastructure Company LLC (MIC). All these stocks hold a Zacks Rank #2 (Buy).

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RAVEN INDUSTRIES INC (RAVN): Free Stock Analysis Report

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