On Thursday, Standex International got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96.
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The upgrade means the stock is now outperforming 96% of all other stocks in terms of key performance metrics and technical strength. The best stocks tend to have a 95 or better grade as they launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Standex International is currently forming a consolidation, with a 212.66 entry. Look for the stock to break out in volume at least 40% above average.
The stock sports a 90 EPS Rating, which means its recent quarterly and annual earnings growth tops 90% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company reported a 21% increase in earnings for Q4. It has now posted accelerating EPS increases for three consecutive quarters. Sales growth rose 23%, up from 17% in the prior quarter. That marks three consecutive reports with increasing revenue gains.
Standex International holds the No. 6 rank among its peers in the Machinery-General Industrial industry group. Power Solutions Intl, DXP Enterprises and ESCO Technologies are among the top 5 highly-rated stocks within the group.
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