Regional Management (RM) Crumbles: Stock Falls by 30.6%
Regional Management Corp. (RM) saw a big move last session, as the company’s shares fell about 31% 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 RM, as the stock is now down over 36% in the past one-month time frame.
The diversified specialty consumer finance company has seen a mixed track record when it comes to current year estimate revisions over the past few weeks with no movement, while the consensus for earnings has moved lower over the last 30 days. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.
RM currently has a Zacks Rank #5 (Strong Sell).
Some better-ranked stocks in the same sector include Cash America International, Inc. (CSH), Credit Acceptance Corp. (CACC) and Tree.Com, Inc. (TREE). All these stocks hold a Zacks Rank #2 (Buy).
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REGIONAL MANAGMENT CORP (RM): Free Stock Analysis Report
CASH AMER INTL INC (CSH): Free Stock Analysis Report
CREDIT ACCEPTANCE CORP (CACC): Free Stock Analysis Report
TREECOM INC (TREE): Free Stock Analysis Report
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