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Penford (PENX) in Focus: Stock Tumbles 8.2%

Zacks Equity Research

Penford Corporation (PENX) saw a big move last session, as the company’s shares fell 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 reverses the recent trend for PENX as the stock is now up over 12% in the past one-month time frame.

The developer of specialty natural-based ingredient systems for food and industrial applications has seen a mixed track record when it comes to current year estimate revisions over the past few weeks with no change, and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.

PENX currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0%.

Some better-ranked stocks in the same sector include Minerals Technologies Inc. (MTX), NL Industries Inc. (NL) and International Flavors & Fragrances Inc. (IFF). While Minerals Technologies and NL Industries carry a Zacks Rank #1 (Strong Buy), International Flavors & Fragrances holds a Zacks Rank #2 (Buy).

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PENFORD CP (PENX): Free Stock Analysis Report

MINERALS TECH INC (MTX): Free Stock Analysis Report

NL INDS INC (NL): Free Stock Analysis Report

INTERNATIONAL FLAVORS (IFF): Free Stock Analysis Report

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