Stock Story -
What Happened:Shares of building systems company Limbach (NASDAQ:LMB) jumped 9.1% in the morning session after the company reported second-quarter earnings results. Limbach blew past analysts' EPS expectations this quarter. Its full-year EBITDA guidance also exceeded Wall Street's estimates. On the other hand, its revenue unfortunately missed. Zooming out, we think this was still a decent quarter.
Is now the time to buy Limbach? Find out by reading the original article on StockStory, it's free.
What is the market telling us:Limbach's shares are quite volatile and over the last year have had 35 moves greater than 5%. In context of that, today's move is indicating the market considers this news meaningful but not something that would fundamentally change its perception of the business.
Limbach is up 35.8% since the beginning of the year, and at $59.84 per share it is trading close to its 52-week high of $65.39 from July 2024. Investors who bought $1,000 worth of Limbach's shares 5 years ago would now be looking at an investment worth $7,574.
![Why Limbach (LMB) Stock Is Trading Up Today](https://d68-invdn-com.investing.com/content/pic40fb7ec97bc9251efde7e4cf82f1d82a.jpeg)