Banro Corp. (BAA) Soars: Stock Adds 19.7% in Session - Tale of the Tape

By Zacks Equity Research,

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Banro Corporation ( BAA ) was a big mover last session, as its shares rose nearly 20% on the day. The rise came on solid volume too with far more shares changing hands than in a normal session. This breaks the trend for the company, as the stock is now trading above the volatile price range of $0.55 to $0.63 in the past one-month timeframe.

In the last 30 days, the company witnessed one positive estimate revision while the Zacks Consensus Estimate remained unchanged. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

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

Other better-ranked stocks worth considering in the broader basic material sector include AK Steel Holding Corporation ( AKS ), Akzo Nobel NV ( AKZOY ) and AngloGold Ashanti Ltd. ( AU ). While AK Steel and AngloGold sport a Zacks Rank #1 (Strong Buy), Akzo Nobel holds a Zacks Rank #2 (Buy).

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BANRO CORP (BAA): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas , Stocks
Referenced Stocks: AKS , AKZOY , AU , BAA

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