The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.
Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.
Great Lakes Dredge & Dock Corp GLDD
- On Feb. 18, Great Lakes Dredge & Dock posted weaker-than-expected quarterly sales. Lasse Petterson, President and Chief Executive Officer, said, “Great Lakes had an outstanding 2024, with strong project performance and exceptional financial results. We capped off the year with another strong quarter and ended 2024 with revenue of $762.7 million, net income of $57.3 million, and Adjusted EBITDA of $136.0 million, the latter two metrics being the second-highest in Great Lakes’ history.” The company’s stock fell around 25% over the past five days and has a 52-week low of $6.56.
- RSI Value: 24.1
- GLDD Price Action: Shares of Great Lakes Dredge & Dock fell 3.1% to close at $8.42 on Friday.
- Benzinga Pro’s real-time newsfeed alerted to latest GLDD news.
FTI Consulting Inc FCN
- On Feb. 20, FTI Consulting reported worse-than-expected fourth-quarter financial results and issued FY25 guidance below estimates. Steven H. Gunby, President and Chief Executive Officer of FTI Consulting, commented, “Though a number of headwinds that we saw towards the end of 2024 resulted in second half performance that was below our expectations, we are pleased that, in aggregate, 2024 was yet another year of record revenues and earnings per share. Notwithstanding those headwinds, many of which we expect to persist into 2025, we continue to feel confident in the powerful multiyear growth trajectory that we are on.” The company’s stock fell around 14% over the past five days and has a 52-week low of $161.24.
- RSI Value: 22.2
- FCN Price Action: Shares of FTI Consulting gained 1% to close at $164.69 on Friday.
- Benzinga Pro’s charting tool helped identify the trend in FCN stock.
Read This Next:
Market News and Data brought to you by Benzinga APIs