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Weakness Seen in Audience Inc. (ADNC): Stock Tumbles 11.5%

Zacks Equity Research

Audience, Inc. (ADNC) saw a big move last session, as the company’s shares fell by over 11% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for ADNC, as the stock gained nearly 15.1% between Mar 3 and Mar 14.

This company in Audio and Video Production industry has seen a flat track record when it comes to current year estimate revisions over the past few weeks. The consensus for earnings hasn’t changed 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.

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

Some better-ranked stocks in the Consumer Discretionary sector include Harman International Industries, Incorporated (HAR), Panasonic Cororation (PCRFY) and Sharp Corporation (SHCAY). While Harman International Industries sports a Zacks Rank #1 (Strong Buy), Panasonic and Sharp both carry a Zacks Rank #2 (Buy).

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AUDIENCE INC (ADNC): Free Stock Analysis Report

HARMAN INTL INDUSTRIES (HAR): Free Stock Analysis Report

PANASONIC CORP (PCRFY): Free Stock Analysis Report

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

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