Powell Industries (POWL) in Focus: Stock Falls 8.4%
Powell Industries, Inc. (POWL) saw a big move last session, as the company’s shares fell by over 8% 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 POWL, as the stock is now down about 16% since Sep 11.
This slump shouldn’t be too much of a surprise to investors, as the packaged solutions and systems provider has its current year earnings consensus move down 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.
POWL currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.
Some better-ranked stocks from the broader industrial products sector include Cintas Corporation (CTAS), Sealed Air Corporation (SEE) and Blount International Inc. (BLT). All these stocks hold a Zacks Rank #1 (Strong Buy).
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 >>
POWELL IND INC (POWL): Free Stock Analysis Report
CINTAS CP (CTAS): Free Stock Analysis Report
SEALED AIR CORP (SEE): Free Stock Analysis Report
BLOUNT INTL INC NEW (BLT): Free Stock Analysis Report
Zacks Investment Research