Medifast Inc. ( MED ) saw a big move in the last trading session, as the company's shares fell by nearly 10% 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 trend for MED, as the stock is now down over 15% in the past one-month time frame.
This slump shouldn't be too much of a surprise to investors, as the company, engaged in the production, distribution, and sale of consumable health and diet products, has seen 1 negative revision in the past few weeks and its current year earnings consensus has also 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.
MED currently holds a Zacks Rank #4 (Sell).
Investors interested in the Miscellaneous/Diversified Food industry may consider better-ranked stocks like J&J Snack Foods Corp. ( JJSF ), Pinnacle Foods Inc. ( PF ) and Senomyx Inc. ( SNMX ), each of which holds a Zacks Rank #2 (Buy).
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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 reportMEDIFAST INC (MED): Free Stock Analysis ReportJ&J SNACK FOODS (JJSF): Free Stock Analysis ReportPINNACLE FOODS (PF): Free Stock Analysis ReportSENOMYX INC (SNMX): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research