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MYR Group (MYRG) in Focus: Stock Falls 5.3% - Tale of the Tape

MYR Group, Inc. ( MYRG ) saw a big move in the last trading session, as the company's shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent trend for MYRG, as the stock is now down nearly 9% since Jul 18.

This slump shouldn't be too much of a surprise to investors, as the provider of electrical construction services has seen 2 negative revisions in the past few weeks and its current year earnings consensus has also moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

MYRG currently holds a Zacks Rank #4 (Sell).

Investors interested in the Industrial Products sector may consider better-ranked stocks like Blount International Inc. ( BLT ), Multi-Color Corp. ( LABL ) and Sealed Air Corporation ( SEE ), each of which holds a Zacks Rank #1 (Strong Buy).

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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

MYR GROUP INC (MYRG): Free Stock Analysis Report

BLOUNT INTL (BLT): Free Stock Analysis Report

MULTI-COLOR (LABL): Free Stock Analysis Report

SEALED AIR CORP (SEE): Free Stock Analysis Report

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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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