Meritor, Inc. (MTOR) saw a big move last session, as the company’s shares fell by over 13% on the day. The move came on pretty good 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 below the volatile price range of $13.60 to $14.75 since Jun 2, 2014.
This slump shouldn’t be too much of a surprise to investors, as though the auto parts servicing company has seen a flat record when it comes to current year estimate revisions, its current year earnings consensus has moved lower 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.
MTOR currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Investors interested in the same industry may consider better-ranked stocks like China Automotive Systems Inc. (CAAS), Gentherm Incorporated (THRM) and Tower International, Inc. (TOWR). All these stocks carry a Zacks Rank #1 (Strong Buy).
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(MTOR.CAAS): Free Stock Analysis Report
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TOWER INTERNATIONAL INC (TOWR): Free Stock Analysis Report
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Meritor (MTOR) in Focus: Stock Tumbles 13.1%
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