GigOptix (GIG) Worth a Look: Stock Adds 8.2% in Session
GigOptix, Inc.GIG was a big mover last session, as the company saw its shares rise over 8% 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 $2.23 to $2.69 in the past one-month time frame.
The company has seen no estimate revisions over the past 30 days, while the Zacks Consensus Estimate remained unchanged over the same time frame. Friday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
GigOptix currently sports a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%.
Another favorably ranked stock in the same industry is Koninklijke Philips N.V PHG , which carries a Zacks Rank #2 (Buy).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.