Vimicro International Corp. (VIMC) was a big mover last session, as the company saw its shares rise over 9% on the day. The move came on solid 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 above the volatile price range of $2.45 to $3.00 since Jun 23, 2014.
The company has seen no estimate revision in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Vimicro International currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Other better-ranked semiconductor stocks include Advanced Micro Devices, Inc. (AMD), Avago Technologies Limited (AVGO) and FormFactor Inc. (FORM). All these stocks sport a Zacks Rank #1 (Strong Buy).
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VIMICRO INTL CORP ADR (VIMC): Free Stock Analysis Report
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