Standex International (SXI) in Focus: Stock Jumps 9.8%
Standex International Corporation (SXI) was a big mover last session, as the company saw its shares surge nearly 10% on the day. Shares gained after the company announced better-than-expected earnings results in the fourth quarter of fiscal 2015. The news led to far more shares changing hands than in a normal session resulting in solid volume. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $70.64 to $75.60 in the past one-month time frame.
None of the estimates for this general industrial machinery stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Standex International currently carries a Zacks Rank #3 (Hold).
A better-ranked stock in the same industry is Graco Inc. (GGG), carrying a Zacks Rank #2 (Buy).
Is SXI going up? Or down? Predict to see what others think: Up or Down
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STANDEX INTL CO (SXI): Free Stock Analysis Report
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