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Valmont Industries (VMI) in Focus: Stock Goes Down 6.9%

Zacks Equity Research

Valmont Industries, Inc. (VMI) saw a big move in the last trading session, as the company’s shares fell by 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 breaks the recent trend of the company, as the stock is now trading below the volatile price range of $144.72 to $155.02 in the past one-month time frame.

Valmont Industries, a producer and seller of fabricated metal products, has not seen any estimate revision over the past month, and its current year earnings consensus 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, especially on earnings estimates following the recent slump.

VMI currently holds a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Investors interested in the Basic Materials sector may consider better-ranked stocks like AngloGold Ashanti Ltd. (AU), Gold Fields Ltd. (GFI) and General Moly, Inc. (GMO), each carrying a Zacks Rank #1 (Strong Buy).

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VALMONT INDS INC (VMI): Free Stock Analysis Report

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