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FARO Technologies (FARO) Catches Eye: Stock Jumps 5.9%

Zacks

FARO Technologies Inc. FARO was a big mover last session, as the company saw its shares rise almost 6% on the day. The news led to far more shares changing hands than in a normal session, resulting in solid volume. This breaks the recent trend for the company as the stock is now trading above the volatile price range of $31.62 to $34.45 in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days, while the Zacks Consensus Estimate remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

FARO Technologies has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.

A better-ranked stock in the same industry is NCR Corporation NCR carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.


Is FARO going up? Or down? Predict to see what others think: Up or Down

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