Mots clés associés :
Zinc |
| Why Horsehead Holding (ZINC) Could Be Positioned for a Slump - Tale of the Tape | |
| | |
|
One such stock that you may want to consider dropping is Horsehead Holding Corp. (ZINC), which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #5 (Strong Sell) further confirms weakness in ZINC.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 1 estimate moving down in the past 30 days, compared with no upward revisions. The consensus estimate for the full year is currently pegged at a loss of 38 cents per share.
Also, for the current quarter, Horsehead Holding has seen 1 downward estimate revision versus no revisions in the opposite direction, dragging the consensus estimate down to a loss of 12 cents a share from a loss of 11 cents over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 10.9% in the past month.
So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don’t have a long time horizon to wait.
If you are still interested in the Metal Processing sector, you may instead consider a better-ranked stock - Century Aluminum Co. (CENX). The stock currently holds a Zacks Rank #2 (Buy) and may be better selection at this time.
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 >> 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 HORSEHEAD HLDG (ZINC): Free Stock Analysis Report CENTURY ALUM CO (CENX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
|
|
|
Horsehead Holding Corp.
|
|
|
CODE : ZINC |
ISIN : US4406943054 |
|
| |
ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Horsehead Holding est une société de production minière de zinc basée aux Etats-Unis D'Amerique. Horsehead Holding est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 165,3 millions US$ (146,5 millions €). La valeur de son action a atteint son plus haut niveau récent le 28 septembre 2012 à 9,98 US$, et son plus bas niveau récent le 05 février 2016 à 0,06 US$. Horsehead Holding possède 2 147 080 064 actions en circulation. |