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FEI Company (FEIC) Crumbles: Stock Goes Down 5.5%

FEI CompanyFEIC saw a big move in the last trading session, as the company's shares fell by nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as FEIC is now trading below the volatile price range of $77.24 to $81.32 in the past one-month time frame.

The company, which supplies scientific instruments and related services for nanoscale applications and solutions for industry and science, has seen a flat track record when it comes to current year estimate revisions over the past few weeks, 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 on this firm in the near future, and especially on earnings estimates following the recent slump.

FEIC currently holds a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Investors interested in the broader Computer & Technology sector may consider a better-ranked stock like Cray Inc. CRAY , carrying a Zacks Rank #1 (Strong Buy).

Is FEIC going up? Or down? Predict to see what others think: Up or Down

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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.


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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