Castle Brands Inc. ( ROX ) was a big mover last session, as the company saw its shares rise nearly 7% on the day. This rally higher can be attributable to solid volume with far more shares changing hands than in a normal session. This broke the recent trend of the company, as the stock is now trading above the volatile price range of $0.81 to $1.08 in the past one-month time frame.
In the last 7 days, this company did not witness any estimate revisions and the Zacks Consensus Estimate has remained unchanged over the same period. However, the recent price action is encouraging, so make sure to keep a close watch on this firm in the near future.
Castle Brands currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%.
Other beverage stocks in the same sector include Anheuser-Busch InBev SA/NV ( BUD ), Boston Beer Co. Inc. ( SAM ) and Constellation Brands Inc. ( STZ ), all sporting a Zacks Rank #2 (Buy).
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