Softness in two of its key market segments has held Accuride Corporation (ACW) down recently, but expectations of a rebound in the second half for both of them could move the share price of the company up going forward.
The two segments are North American commercial vehicle and global mining/construction. If the two segments do in fact rebound, it could cause the share price to surprise those watching the company.
President & CEO Rick Dauch said, "We continued to experience softness in our two primary market segments, North American commercial vehicle and global mining/construction, which led to significantly reduced revenue during the first quarter. We continue to focus on what is in our control by taking targeted...
Only subscribers can access this article, which is part of the PRO research library covering 3,625 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: