Middleby Slumps: MIDD Falls 7.8% in Session - Tale of the Tape

By
A A A

Middleby Corp. ( MIDD ) saw a big move last session, as the company's shares fell by nearly 8% 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 MIDD, as the stock is down nearly 13% since April 16.

This slump shouldn't be too much of a surprise to investors, as the Machinery company has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

MIDD currently has a Zacks Rank #4 (Sell).


Some better-ranked stocks in the General Industrialized Machinery industry  include Gorman-Rupp Co. ( GRC ), The Babcock & Wilcox Company ( BWC ) and  Illinois Tool Works Inc. ( ITW ). While  Gorman-Rupp  holds a Zacks Rank #1 (Strong Buy), The Babcock & Wilcox  and Illinois Tool carry a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download  7 Best Stocks for the Next 30 DaysClick to get this free report >>


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 report

BABCOCK&WILCOX (BWC): Free Stock Analysis Report

GORMAN RUPP CO (GRC): Free Stock Analysis Report

ILL TOOL WORKS (ITW): Free Stock Analysis Report

MIDDLEBY CORP (MIDD): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research



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




This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: BWC , GRC , ITW , MIDD

Zacks.com

Zacks.com

More from Zacks.com:

Related Videos

Stocks

Referenced

Most Active by Volume

54,932,626
  • $16.50 ▼ 1.02%
46,253,261
  • $34.75 ▲ 0.90%
45,555,229
  • $130.28 ▼ 1.14%
39,616,045
  • $34.46 ▲ 1.32%
39,493,239
  • $8.72 ▲ 0.23%
38,489,283
  • $27.27 ▼ 1.30%
35,955,516
  • $18.14 ▲ 0.28%
33,142,871
    $18.27 unch
As of 5/29/2015, 04:15 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com