Logitech International SALOGI was a big mover last session, as the company saw its shares rise over 17% on the day. The upside was driven after the company announced better-than-expected fiscal second-quarter 2017 results. The news also led to far more shares changing hands than in a normal session, resulting in solid volume. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $21.44 to $23.52 in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days, while the Zacks Consensus Estimate moved lower, suggesting 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.
Logitech International has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the same industry is LG Display Co., Ltd. LPL sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
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