Montage Technology Group Limited
) was a big mover last session, as the company saw its shares
rise by almost 14% on the day. The move came on solid volume too
with far more shares changing hands than in a normal session.
This continues the recent uptrend of the company as the stock has
now gained over 26% since Nov 14.
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This semi analog and mixed company has seen one upward estimate
revision in the past one month and the Zacks Consensus Estimate
has moved higher over the same time frame, suggesting that more
solid trading could be ahead for Montage Technology. So make sure
to keep an eye on this stock going forward to see if this recent
jump can turn into more strength down the road.
Montage Technology currently has a Zacks Rank #3 (Hold) while its
Some better-ranked stocks in the same sector include
Microchip Technology Inc.
). All these stocks carry a Zacks Rank #2 (Buy).
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