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Skullcandy (SKUL) Worth Watching: Stock Soars 24.2%

Zacks Equity Research

Skullcandy, Inc. (SKUL) was a big mover last session with its shares surging over 24% on the day. The move came on solid 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 above the past one month’s volatile price range of $7.43 to $8.49.

This retailer of electronic and gaming accessories has witnessed one positive estimate revision in the last 30 days. The Zacks Consensus Estimate has also moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if Friday’s sharp climb can turn into more strength down the road.

Skullcandy currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Some other well-placed stocks in the same sector include Harman International Industries, Inc. (HAR), Sharp Corp. (SHCAY) and Panasonic Corp. (PCRFY). While Harman International sports a Zacks Rank #1 (Strong Buy), both Sharp and Panasonic bear the same Zacks Rank as Skullcandy.

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SKULLCANDY INC (SKUL): Free Stock Analysis Report

HARMAN INTL INDUSTRIES (HAR): Free Stock Analysis Report

SHARP CORP LTD ADR (SHCAY): Free Stock Analysis Report

PANASONIC CORP (PCRFY): Free Stock Analysis Report

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