PMFG, Inc. ( PMFG ) saw a big move last session, as the company's shares fell 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 PMFG, as the stock is now down by more than 17% since Mar 21.
This slump shouldn't be too much of a surprise to investors, as the company, provider of diversified equipment for pollution control, has seen 2 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 60 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.
PMFG currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.0%.
Some better-ranked stocks in the Industrial Products sector include Kadant Inc. ( KAI ), NN Inc. ( NNBR ) and Sharps Compliance Corp. ( SMED ). All these stocks carry a Zacks Rank #1 (Strong Buy).
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KADANT INC (KAI): Free Stock Analysis Report
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