Garmin Ltd. ( GRMN ) saw a big move last session, as the company's shares fell by nearly 11% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for GRMN as the stock is now up around 9% since Jan 28.
On Feb 18, 2015, Garmin released its fourth-quarter 2014 results which fell short of analyst expectations.
The miscellaneous electronic products company 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.
GRMN currently has a Zacks Rank #3 (Hold).
A better-ranked stock in the same sector is Mistras Group, Inc. ( MG ) with a Zacks Rank #1 (Strong Buy).