Weakness Seen in Vitesse Semiconductor (VTSS): Stock Tumbles 11.3% - Tale of the Tape

By
A A A

Vitesse Semiconductor Corp. ( VTSS ) saw a big move last session, as the company's shares fell more than 11% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $3.35-$3.82 in the past one-month time frame, showed a sharp decline yesterday at $3.39.

The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks. 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 on this firm in the near future, and especially on earnings estimates following the recent slump.

VTSS currently has a Zacks Rank #4 (Sell) while its Earnings ESP is zero.


Some better-ranked stocks in the technology sector include Applied Micro Circuits Corporation ( AMCC ), Avago Technologies Limited ( AVGO ) and OmniVision Technologies, Inc. ( OVTI ).  All these stocks sport a Zacks Rank #1 (Strong 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

VITESSE SEMICON (VTSS): Free Stock Analysis Report

APPLD MICRO CIR (AMCC): Free Stock Analysis Report

AVAGO TECHNOLOG (AVGO): Free Stock Analysis Report

OMNIVISION TECH (OVTI): 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: VTSS , AMCC , AVGO , OVTI

Zacks.com

Zacks.com

More from Zacks.com:

Related Videos

What to Wear to a Wedding
What to Wear to a Wedding           
4th of July Outfits
4th of July Outfits                 

Stocks

Referenced

Most Active by Volume

62,287,287
  • $17.03 ▼ 1.10%
26,194,993
  • $30.555 ▲ 1.24%
26,150,957
  • $126.44 ▼ 0.13%
25,197,634
  • $40.59 ▼ 6.26%
25,192,083
  • $19.07 ▲ 1.54%
24,563,617
  • $26.78 ▲ 0.45%
24,474,256
  • $5.85 ▲ 1.56%
24,111,132
  • $8.83 ▲ 2.08%
As of 7/2/2015, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com