Weakness Seen in Layne (LAYN): Stock Tanks 14.2% - Tale of the Tape

By
A A A

Layne Christensen Company ( LAYN ) saw a big move last session, as the company's shares fell over 14% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $14.18 to $15.46 in the past one-month time frame.

The provider of water management, construction, and drilling services  has seen a mixed track record when it comes to current year estimate revisions over the past few weeks with no change, and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.

LAYN currently has a Zacks Rank #3 (Hold).

Some better-ranked stocks in the same sector include Willdan Group, Inc. ( WLDN ), Quanta Services, Inc. ( PWR ) and EMCOR Group Inc. ( EME ). While Willdan Group holds a Zacks Rank #1 (Strong Buy), Quanta Services and EMCOR Group 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 Days . Click 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

LAYNE CHRISTENS (LAYN): Free Stock Analysis Report

WILLDAN GROUP (WLDN): Get Free Report

QUANTA SERVICES (PWR): Free Stock Analysis Report

EMCOR GROUP INC (EME): 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: LAYN , WLDN , PWR , EME

Zacks.com

Zacks.com

More from Zacks.com:

Related Videos

Stocks

Referenced

Most Active by Volume

56,834,794
    $15.52 unch
47,736,761
  • $94.72 ▲ 0.83%
41,992,984
  • $2.47 ▲ 11.76%
40,893,734
  • $34.7901 ▲ 2.14%
39,324,803
  • $69.27 ▼ 0.19%
39,276,613
  • $7.28 ▲ 2.68%
39,084,483
  • $44.83 ▼ 0.01%
33,527,212
  • $26.02 ▲ 0.15%
As of 7/22/2014, 04:03 PM