MedAssets (MDAS) Crumbles: Stock Tumbles 9.7% - Analyst Blog
MedAssets, Inc. ( MDAS ) saw a big move last 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 reverses the recent trend for MDAS as the stock was up around 7.3% during Jan 20 to Feb 17.
On Feb 17, the company announced fourth-quarter 2014 and full year 2014 results which might have led to this share price fall.
MedAssets has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (no increase, no decrease), 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.
MDAS currently has a Zacks Rank #4 (Sell).
Investors interested in the gaming industry may consider better-ranked stock like BioTelemetry, Inc. ( BEAT ) which carries a Zacks Rank #1 (Strong Buy).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.