Weakness Seen in Myers Industries (MYE): Stock Tumbles 13.2% - Tale of the Tape

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Myers Industries Inc. ( MYE ) saw a big move last session, as the company's shares fell over 13% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for MYE, as the stock is now up over 5% in the past one-month time frame.

This slump shouldn't be too much of a surprise to investors, as this polymer products manufacturer has seen 1 negative revision in the past few weeks and its current year earnings consensus has 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.

MYE currently has a Zacks Rank #4 (Sell).

Some better-ranked stocks in the broader industrial products sector include Belden Inc. ( BDC ), NN Inc. ( NNBR ) and Kadant Inc. ( KAI ). All these stocks hold a Zacks Rank #1 (Strong Buy).

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BELDEN INC (BDC): Free Stock Analysis Report

KADANT INC (KAI): Free Stock Analysis Report

MYERS INDS (MYE): Free Stock Analysis Report

NN INC (NNBR): Free Stock Analysis Report

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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: BDC , KAI , MYE , NNBR

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