Orbotech Ltd. ORBK was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company-as the stock is now up 18.4% in the past one-month time frame.
The stock gained following the news that KLA-Tencor has inked a definitive agreement with Orbotech to acquire latter for total consideration of roughly $69.02 per share.
The company has seen two negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Orbotech currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Orbotech Ltd. Price
Orbotech Ltd. Price | Orbotech Ltd. Quote
A better-ranked stock in the Electronics - Measuring Instruments industry is Keysight Technologies Inc. KEYS , holding a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
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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 report Orbotech Ltd. (ORBK): Free Stock Analysis Report Keysight Technologies Inc. (KEYS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research