NTELOS Holdings Corp. ( NTLS ) saw a big move in the last trading 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 trend of the company, as NTLS is now trading within the volatile price range of $11.92 to $14.67 in the past one-month time frame.
This slump shouldn't be too much of a surprise to investors, as the company, a provider of digital wireless communications services, has seen 4 negative revisions in the past few weeks and its current year earnings consensus has also 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.
NTLS currently holds a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Investors interested in the Computer & Technology sector may consider better-ranked stocks like Bitauto Holdings Limited ( BITA ), Cypress Semiconductor Corporation ( CY ) and Digital River Inc. ( DRIV ), each of which holds a Zacks Rank #1 (Strong Buy).
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