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Milacron Holdings Slumps: MCRN Falls 8.7% in Session

Milacron Holdings Corp. MCRN saw a big move last session, as the company’s shares fell nearly 9% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. MCRN was up over 13% from Apr 7 to Apr 26, but lost over 14% since then.

This slump shouldn’t be too much of a surprise to investors, as this maker of engineered and customized systems within the plastic technology and processing industry has seen 1 negative revision in the past few weeks and 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.

MCRN currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

A better-ranked stock in the same sector is Columbus McKinnon Corporation CMCO, holding a Zacks Rank #2 (Buy).

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

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COLUMBUS MCKINN (CMCO): Free Stock Analysis Report
 
MILACRON HLDGS (MCRN): Free Stock Analysis Report
 
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