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CIRCOR International (CIR) Crumbles: Stock Tanks by 7%

CIRCOR International, Inc. CIR) saw a big move last session, as the company’s shares fell by over 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for CIR as the stock is now up over 24% in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as the metal products company has seen 2 negative revisions 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.

CIR currently has a Zacks Rank #3 (Hold).

Investors interested in the same industry may consider better-ranked stock like Global Brass and Copper Holdings, Inc. BRSS, which carries a Zacks Rank #2 (Buy).

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

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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
 
CIRCOR INTL (CIR): Free Stock Analysis Report
 
GLOBAL B&C HLD (BRSS): Free Stock Analysis Report
 
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