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Northwest Pipe Slumps: NWPX Falls 6% in Session

Northwest Pipe Co.NWPX saw a big move last session, as the company's shares fell over 6% 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 downtrend for NWPX, as the stock is now down over 17% since Nov 25.

This manufacturer of welded steel pipe 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.

NWPX currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.0%.

A better-ranked stock in the same sector is John Bean Technologies Corporation JBT , holding a Zacks Rank #2 (Buy).

Is NWPX going up? Or down? Predict to see what others think: Up or Down

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NORTHWEST PIPE (NWPX): Free Stock Analysis Report

JOHN BEAN TECH (JBT): 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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