Weakness Seen in ManTech International (MANT): Stock Falls 6.3%


ManTech International Corporation (MANT) saw a big move last session, as the company’s shares fell by over 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $29.09 to $30.45 in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors. Though this computer services company has seen no negative revisions in the past few weeks, the 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.

MANT currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.0%.

Some better-ranked stocks in the same sector include Ciber, Inc. (CBR), Computer Sciences Corporation (CSC) and Ebix Inc. (EBIX). All these stocks hold a Zacks Rank #2 (Buy).

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MANTECH INTL CP CL A (MANT): Free Stock Analysis Report

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