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Adept Technology (ADEP) in Focus: Stock Tanks by 11.9%

Zacks Equity Research

Adept Technology Inc. (ADEP) saw a big move last session, as the company’s shares fell nearly 12% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for ADEP, as the stock is now down over 19% in the past one-month time frame.

This industrial and mobile robots manufacturer has seen a flat track record when it comes to current year estimate revisions over the past few weeks, 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 on this firm in the near future, and especially on earnings estimates following the recent slump.

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

Some better-ranked stocks in the broader Industrial Products sector include Net 1 Ueps Technologies Inc. (UEPS), Mitsui & Co. Ltd. (MITSY) and EnPro Industries, Inc. (NPO). All these stocks currently sport a Zacks Rank #1 (Strong Buy).

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ADEPT TECHNOLOGY INC (ADEP): Free Stock Analysis Report

NET 1 UEPS TECHNOLOGIES INC (UEPS): Free Stock Analysis Report

MITSUI AND CO ADR ## (MITSY): Free Stock Analysis Report

ENPRO INDUSTRIES (NPO): Free Stock Analysis Report

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