Badger Meter ( (BMI) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Badger Meter’s stock has gained attention due to its recent acquisition of SmartCover Systems for $185 million. This move is expected to enhance its water management solutions with real-time monitoring capabilities, promising future growth. Additionally, Badger Meter’s Q4 revenue surpassed expectations, although its earnings per share slightly missed the mark. The company’s strong financial performance and strategic acquisition have led analysts to adjust the stock’s price target, acknowledging its potential for continued success.
More about Badger Meter
YTD Price Performance: -1.46%
Average Trading Volume: 193,520
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $6.13B
For further insights into BMI stock on TipRanks’ Stock Analysis page.
See more of today’s top stock gainers and losers.