NeoPhotonics Corporation (NYSE:NPTN) was a big mover last session, as the company saw its shares rise over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $6.01 –$6.85 in the past one-month time frame, witnessed a sharp increase yesterday.
The company has seen four negative estimate revisions in the past two months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
NeoPhotonics currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
NeoPhotonics Corporation Price and Consensus
Investors interested in the Semiconductor - Communications industry may consider Nitto Denko Corp. (OTC:NDEKY) , which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy)stocks here.
Is NPTN going up? Or down? Predict to see what others think: Up or Down
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Nitto Denko Corp. (NDEKY): Free Stock Analysis Report
NeoPhotonics Corporation (NPTN): Free Stock Analysis Report
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