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Axcelis Technologies (ACLS) in Focus: Stock Tumbles 9.0%

Zacks Equity Research

Axcelis Technologies Inc. (ACLS) saw a big move in the last trading session, as the company’s shares fell by over 9% 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 ACLS, as the stock is down over 21% in the last one month.

This slump shouldn’t be too much of a surprise to investors, as the company, a producer of ion implantation equipment used in the fabrication of semiconductors., has seen 1 negative revision 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.

ACLS currently holds a Zacks Rank #4 (Sell).

Investors interested in the Electronics industry may consider better-ranked stocks like Kulicke and Soffa Industries, Inc. (KLIC), Intevac Inc. (IVAC) and Ultratech, Inc. (UTEK). While Kulicke and Soffa holds a Zacks Rank #1 (Strong Buy), Intevac and Ultratech carry a Zacks Rank #2 (Buy).

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