Anadigics, Inc. ( ANAD ) saw a big move on Friday, as the company's shares fell over 18% 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 ANAD, as the stock is now down over 21% in the past one-month time frame.
The designer and manufacturer of radio frequency (RF) semiconductor solutions has seen a mixed track record when it comes to current year estimate revisions over the past few weeks with no change, 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.
ANAD currently has a Zacks Rank #4 (Sell) while its Earnings ESP
Some better-ranked stocks in the same sector include Advanced Micro Devices, Inc.
), Avago Technologies Ltd.
) and Exar Corp.
). All these stocks carry a Zacks Rank #1 (Strong 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 reportANADIGICS CORP (ANAD): Free Stock Analysis ReportADV MICRO DEV (AMD): Free Stock Analysis ReportAVAGO TECHNOLOG (AVGO): Free Stock Analysis ReportEXAR CORP (EXAR): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research