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Zacks #1 Stocks on the Move 05/21/2013
| Company Name | Symbol | %Change |
|---|---|---|
| SCIENTIFIC L | SCIL | 8.00% |
| SUMMER INFAN | SUMR | 7.23% |
| FEDERAL MOGU | FDML | 6.02% |
| RADIANT LOGI | RLGT | 5.32% |
| NEW ORIENTAL | EDU | 5.16% |
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The performance of management consulting segment suffered because of delays in several projects, particularly in Europe. However, management is undertaking restructuring actions to improve profitability and boost performance.
Moreover, we are concerned about the ongoing economic uncertainty in Europe, cautious spending by clients, stiff competition and currency fluctuations. Hence, we reiterate our Underperform stance on the stock.
Read the full Analyst Report on CRAI