Strength Seen in Kadant (KAI): Stock Rises 14.4% in Session
Kadant Inc. KAI was a big mover last session, as the company saw its shares rise over 14% on the day. The move came after the company announced better-than-expected second-quarter 2017 results. This also led to 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 volatile price range of $75.50 to $78.05 in the past one-month time frame.
None of the estimates for this stock were revised in the last 30 days, while the Zacks Consensus Estimate moved higher suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Currently, Kadant carries a Zacks Rank #3 (Hold).
Kadant Inc Price
Kadant Inc Price | Kadant Inc Quote
A better-ranked stock in the same industry is Altra Industrial Motion Corp. AIMC, sporting a Zacks Rank #1 (Strong Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.
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