American Vanguard Corp. (AVD) saw a big move in the last trading session, as the company’s shares fell by over 8% 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 10% 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) while its Earnings ESP is 0.00%.
Investors interested in the Specialty Chemicals industry may consider better-ranked stocks like NL Industries Inc. (NL), International Flavors & Fragrances Inc. (IFF) and Sensient Technologies Corporation (SXT), each of which holds a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
AMERICAN VANGUARD CORP (AVD): Free Stock Analysis Report
NL INDS INC (NL): Free Stock Analysis Report
INTERNATIONAL FLAVORS (IFF): Free Stock Analysis Report
SENSIENT TECH CORP (SXT): Free Stock Analysis Report
Zacks Investment Research