Farmer Brothers Co. (FARM) was a big mover last session, as the company saw its shares rise roughly 25% on the day. Shares moved up after the company announced encouraging results for the fourth quarter of fiscal 2015. This led to solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $21.02 to $23.86 in the past one month time frame.
This food industry stock witnessed one negative estimate revision over the past 30 days. The Zacks Consensus Estimate also moved down over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.
Farmer Brothers carries a Zacks Rank #3 (Hold).
However, a better-ranked stock in the same space is Natural Grocers by Vitamin Cottage, Inc. (NGVC), carrying a Zacks Rank #2 (Buy).
Is FARM going up? Or down? Predict to see what others think: Up or Down
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FARMER BROS CO (FARM): Free Stock Analysis Report
NATURAL GROCERS (NGVC): Free Stock Analysis Report
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