Standard Motor Products Inc. ( SMP ) saw a big move last session, as the company's shares fell by nearly 6% 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 SMP, as the stock is now down around 20.7% in the past one-month time frame.
This slump shouldn't be too much of a surprise to investors, as the company has seen 1 negative revision in the past few weeks and its current year consensus has down 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.
SMP currently has a Zacks Rank #4 (Sell) while its Earnings ESP
Some better-ranked stocks in the Consmuer goods sector include Gentex Corp.
), China Automotive Systems Inc.
) and Magna International Inc.
). All these stocks holds a Zacks Rank #2 (Buy).
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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 reportSTANDARD MOTOR (SMP): Free Stock Analysis ReportGENTEX CORP (GNTX): Free Stock Analysis ReportCHINA AUTO SYS (CAAS): Free Stock Analysis ReportMAGNA INTL CL A (MGA): Free Stock Analysis ReportTo read this article on Zacks.com click here.