Ritchie Bros. Auctioneers Incorporated ( RBA ) a big move on Friday, as the company's shares fell over 7% 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 RBA, as the stock is now down more than 2% in the past one-month time frame.
The company which belongs to the Auction and Valuation Services, has seen a mixed track record when it comes to current year estimate revisions over the past few weeks 1 decrease, 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.
RBA currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the same sector include Sotheby's
), ABM Industries Incorporated
) and CoreLogic, Inc.
). All these stocks hold a Zacks Rank #2 (Buy).
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. Click to get this free report >>ABM INDUSTRIES (ABM): Free Stock Analysis ReportSOTHEBYS (BID): Free Stock Analysis ReportCORELOGIC INC (CLGX): Free Stock Analysis ReportRITCHIE BROS (RBA): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research