Weakness Seen in Arctic Cat Inc. (ACAT): Stock Tumbles 8.8%
Arctic Cat Inc. (ACAT) saw a big move last session, as the company’s shares fell by nearly 9% 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 ACAT, as the stock is now down 18.1% in the past one-month time frame.
This slump shouldn’t be too much of a surprise to investors, as Arctic Cat has seen 5 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
ACAT currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the consumer discretionary sector include Smith & Wesson Holding Corporation (SWHC), Caesars Acquisition Company (CACQ) and Malibu Boats, Inc. (MBUU). While Smith & Wesson Holding and Caesars Acquisition carry a Zacks Rank #1 (Strong Buy), Malibu Boats holds a Zacks Rank #2 (Buy).
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ARCTIC CAT INC (ACAT): Free Stock Analysis Report
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