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Kulicke and Soffa Industries (KLIC) Worth Watching: Stock Adds 9.5% in Session

Zacks Equity Research

Kulicke and Soffa Industries, Inc. (KLIC) was a big mover last session, as the company saw its shares rise by about 9.5% on the day. The move came on solid volume too, as far more shares changed hands than in a normal session. This continues the recent uptrend for the company, as the stock has surged 14.4% in the past one-month time frame.

The company has seen no estimate revision in the past 2 months. Besides, its earnings consensus has remained stagnant over the same time frame.However, this recent price action is certainly encouraging, so make sure to keep a close watch of this firm in the near future.

KLIC currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better performing industrial product stocks include Rexnord Corporation (RXN), Global Power Equipment Group Inc. (GLPW) and AO Smith Corp. (AOS). All these stocks carry a Zacks Rank #2 (Buy).

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