Phibro Animal Health Corporation ( PAHC ) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The upside came after the company posted earnings in line with estimates and revenues beating the same. This led to far more shares changing hands than in a normal session resulting in solid volume. This also reverses the recent trend of the company, as the stock is now trading above the volatile price range of $2.33 to $29.54 in the past one-month time frame.
The company has seen one positive revision in the past one month, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for this specialized health services stock. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Phibro Animal Health currently carries a Zacks Rank #1 (Strong Buy) while its Earnings ESP is positive.
Another favorably-placed stock in the same industry is Abaxis, Inc. ( ABAX ), sporting a Zacks Rank #1 (Strong Buy).
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