Alpha & Omega Semiconductor, Ltd. ( AOSL ) was a big mover last session, as the company saw its shares rise more than 9% on the day. The move came on solid 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 above the volatile price range of $6.99 to $7.65 since Aug 7.
The stock has witnessed two downward estimate revisions in the past 30 days. The Zacks Consensus Estimate has also moved down over same time frame, 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 lasts.
Alpha & Omega carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
A better-ranked stock in the elec comp-semic industry is Applied Optoelectronics, Inc. ( AAOI ), sporting a Zacks Rank #1 (Strong Buy).
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