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Kornit Digital (KRNT) Surges: Stock Moves 5.5% Higher

Zacks Equity Research

Kornit Digital Ltd. KRNT was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company —as the stock is now up 13.9% in the past one-month time frame.

The stock gained after the company introduced the Kornit NeoPoly technology to facilitate superior quality of polyester printing.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

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

Kornit Digital Ltd. Price

Kornit Digital Ltd. Price | Kornit Digital Ltd. Quote

Investors interested in the Commercial Printing industry may consider a better-ranked stock like Issuer Direct Corporation ISDR, which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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