Credit: Shutterstock photoAs of late, it has definitely been a great time to be an investor in Nanometrics Incorporated ( NANO ) . The stock has moved higher by 17.9% in the past month, while it is also above its 20 Day SMA too. This combination of strong price performance and favorable technical, could suggest that the stock may be on the right path.
We certainly think that this might be the case, particularly if you consider NANO's recent earnings estimate revision activity. On Feb 02, the posted narrower-than-expected fourth quarter loss per share. From this look, the company's future is quite favorable; as NANO has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn't the top for the in-focus company.
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
NANOMETRICS INC (NANO): Free Stock Analysis Report
To read this article on Zacks.com click here.
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.
