MasTec (MTZ) Is Today's Dead Cat Bounce Stock

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified MasTec ( MTZ) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified MasTec as such a stock due to the following factors:

  • MTZ has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $22.3 million.
  • MTZ has traded 1.3 million shares today.
  • MTZ is up 3.1% today.
  • MTZ was down 12.2% yesterday.

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More details on MTZ:

MasTec, Inc., an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for energy, utility, and communications infrastructure primarily in the United States. MTZ has a PE ratio of 12. Currently there are 8 analysts that rate MasTec a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for MasTec has been 1.0 million shares per day over the past 30 days. MasTec has a market cap of $1.5 billion and is part of the industrial goods sector and materials & construction industry. Shares are down 18.4% year-to-date as of the close of trading on Tuesday.

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