China Mobile Games and Entertainment Group (CMGE) Falls: Stock Goes Down 5.0% - Tale of the Tape

China Mobile Games and Entertainment Group Limited CMGE saw a big move last session, as the company's shares fell over 5.0% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for CMGE, as the stock is now down nearly 46.0% in the past one-month time frame.

This slump shouldn't be too much of a surprise to investors, as the company has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

CMGE currently has a Zacks Rank #3 (Hold).

Some better-ranked stocks in the technology sector include j2 Global, Inc. JCOM, Model N, Inc. MODN and Constant Contact, Inc. CTCT. j2 Global and Model N carry a Zacks Rank #1 (Strong Buy), while Constant Contact holds a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

 
CHINA MOBIL-ADR CMGE: Get Free Report
 
CONSTANT CONTAC CTCT: Free Stock Analysis Report
 
J2 GLOBAL INC JCOM: Free Stock Analysis Report
 
MODEL N INC MODN: Free Stock Analysis Report
 
To read this article on Zacks.com click here.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!