E-Commerce China Dangdang Inc. ( DANG ) saw a big move last session, as the company's shares fell by over 15% 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 DANG, as the stock is now down by over 6% in the past one-month time frame.
On May 28, Dangdang reported financial results for first quarter of 2015, in which the company incurred net loss of $9.7 million, which deteriorated from the year-ago quarter.
The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
DANG currently has a Zacks Rank #4 (Sell).
A better-ranked stock in the Internet Services- Delivery industry is Ctrip.com International Ltd. ( CTRP ), which currently carries a Zacks Rank #1 (Strong Buy).
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