Time New York: Mon 18 Dec 02:14 am  |  Save 15% on H&R Block Online

  
caticonslite_bm_alt

II-VI Incorporated (IIVI) in Focus: Stock Moves 7.9% Higher

Zacks

II-VI Incorporated IIVI was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on 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 $35.35 to $40.45 in the past one-month time frame.

The move came after the company reported solid fourth-quarter fiscal 2017 results.

The company has not seen any estimate revisions over the past few weeks, but its Zacks Consensus Estimate for the current quarter has moved lower over the past few weeks. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

II-VI Incorporated currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

II-VI Incorporated Price and Consensus

II-VI Incorporated Price and Consensus | II-VI Incorporated Quote


A better-ranked stock in the Manufacturing – Electronics industry is Schneider Electric SE SBGSY which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>


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

To read this article on Zacks.com click here.

Zacks Investment Research
<-- You can share this post with your network,
or give us your opinion and leave a comment.
Be sure to check our RSS feeds for updates.