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Perceptron (PRCP) Crumbles: Stock Falls by 6.8%

Zacks Equity Research

Perceptron, Inc. (PRCP) saw a big move last session, as the company’s shares fell nearly 7% 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 PRCP, as the stock is now down almost 22% in the past one-month time frame.

The scientific and technical instruments provider has seen a flat track record when it comes to current year estimate revisions over the past few weeks, 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 on this firm in the near future, and especially on earnings estimates following the recent slump.

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

Some better-ranked stocks in the same sector include Orbotech Ltd. (ORBK) and Thermo Fisher Scientific, Inc. (TMO). While Orbotech sports a Zacks Rank #1 (Strong Buy), Thermo Fisher holds a Zacks Rank #2 (Buy). Meanwhile, one can also consider the Zacks Ranked #1 stock of AAC Technologies Holdings Inc. (AACAY) from the broader Computer and Technology sector.

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PERCEPTRON INC (PRCP): Free Stock Analysis Report

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AAC TEC HOLDINGS ADR (AACAY): Free Stock Analysis Report

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