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ChyronHego (CHYR) Falls: Stock Goes Down 7.7%

Zacks Equity Research

ChyronHego Corp. (CHYR) saw a big move last session, as the company’s shares fell almost 8% on the day. The move came on pretty good 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 below the volatile price range of $2.02 to $2.51 in the past one-month time frame.
 
This slump shouldn’t be too much of a surprise to investors, as the graphics solution company has seen 1 negative revision in the past few weeks and its current year earnings consensus has 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.
 
CHYR currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.
 
Some better-ranked stocks in the same sector include Alliance Fiber Optic Products Inc. (AFOP), Applied Micro Circuits Corporation (AMCC) and AU Optronics Corp. (AUO). All these stocks hold a Zacks Rank #1 (Strong Buy).
 
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CHYRONHEGO CORP (CHYR): Free Stock Analysis Report

ALLIANCE FIBER OPTIC PRODUCTS IN (AFOP): Free Stock Analysis Report

APPLIED MICRO CIRCUITS CORP (AMCC): Free Stock Analysis Report

AU OPTRONICS CORP (AUO): Free Stock Analysis Report


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