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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).

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MEDASSETS INC (MDAS): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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