Viasystems Group (VIAS) Surges: Stock Moves 35% Higher
Viasystems Group, Inc. (VIAS - Snapshot Report) was a big mover last session, as the company saw its shares rise a little over 35% on the day following the news of its acquisition by TTM Technologies. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend of the company, as the stock is now up 51.92% since Sep 4.
None of the estimates for this electronic-miscellaneous components stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Viasystems Group has a Zacks Rank #4 (Sell), while its Earnings ESP is 0.00%.
However, some better-ranked stocks in the same sector include AVX Corp. (AVX - Snapshot Report), Sparton Corp. (SPA) and TDK Corp. (TTDKY). All these stocks sport a Zacks Rank #1 (Strong Buy).
Disclosure: None