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Matrixx Down on Unusually Heavy Volume

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June 18, 2009 | Comment(s): 2
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Matrixx Initiatives Inc.
(MTXX) is down more than 1.5% on unusually high volume of 6 million, against the average of 929,065.

Matrixx earned a profit of 33 cents per share in its fiscal fourth quarter, beating estimates by 43.5%.

For the fiscal year ending March 2010, the consensus estimate increased 2 cents to $1.69 per share in the last 7 days.

This Zacks #1 Rank ("Strong Buy") company exceeded analysts' projections in each of the last 4 quarters with an average of 31.6%.

Read the full analyst report on MTXX

 

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