American Vanguard Corp. (AVD) saw a big move in the last trading session, as the company’s shares fell by 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 AVD, as the stock is down nearly 27% in the last one month.
This slump shouldn’t be too much of a surprise to investors, as the company, engaged in the manufacturing and formulation of chemicals for crops, human and animal health protection, has seen 3 negative revisions in the past few weeks and its current year earnings consensus has also 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.
AVD currently holds a Zacks Rank #5 (Strong Sell).
Investors interested in the Specialty Chemicals industry may consider better-ranked stocks like Globe Specialty Metals, Inc. (GSM), International Flavors & Fragrances Inc. (IFF) and Rockwood Holdings, Inc. (ROC), each of which holds a Zacks Rank #2 (Buy).
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AMERICAN VANGUARD CORP (AVD): Free Stock Analysis Report
GLOBE SPECIALTY METALS INC (GSM): Free Stock Analysis Report
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