A. M. Castle & Co. ( CAS ) saw a big move last session, as the company's shares fell nearly 16% 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 CAS, as the stock is now down over 17% in the past one-month time frame.
The company which operates as a distributor of specialty metals and plastics has seen a flat track record when it comes to current year estimate revisions over the past few weeks, and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.
CAS currently has a Zacks Rank #5 (Strong Sell).
Some better-ranked stocks in the same sector include NN Inc. ( NNBR
), NSK Ltd. ( NPSKY
) and Norsk Hydro ASA ( NHYDY
). While NN Inc. and NSK Ltd. carry a Zacks Rank #1 (Strong Buy), Norsk Hydro holds a Zacks Rank #2 (Buy).
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportCASTLE (AM) &CO (CAS): Free Stock Analysis ReportNN INC (NNBR): Free Stock Analysis ReportNSK LTD -UN ADR (NPSKY): Get Free ReportNORSK HYDRO ADR (NHYDY): Get Free ReportTo read this article on Zacks.com click here.Zacks Investment Research