Columbus McKinnon Corporation (CMCO) saw a big move last session, as the company’s shares fell by 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 CMCO, as the stock is now down by over 10% since Mar 2.
The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), 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.
CMCO currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the Industrial Products sector is Berry Plastics Group, Inc. (BERY), which currently carries a Zacks Rank #1 (Strong Buy).
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Columbus McKinnon (CMCO) Crumbles: Stock Falls by 6.4% - Tale of the Tape
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