Astec (ASTE) Surges: Stock Moves 6.9% Higher

Astec Industries, Inc. ASTE was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This continues the recent trend for the company—as the stock is now up 40.3% since Mar 16, 2020.  

The company has seen two negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, 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.

Astec currently carries a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.

Astec Industries, Inc. Price

Astec Industries, Inc. Price

Astec Industries, Inc. price | Astec Industries, Inc. Quote

A better-ranked stock in the broader Industrial Products sector is Tennant Company TNC, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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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 Nasdaq, Inc.

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