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Weakness Seen in Mandalay Digital (MNDL): Stock Tumbles 9.4%
March 05, 2014

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Mandalay Digital Group, Inc. saw a big move in the last trading session, as the company’s shares fell by over 9% 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 uptrend for MNDL as the stock is now up nearly 8% since Feb 7.

This slump shouldn’t be too much of a surprise to investors, as Mandalay Digital, which provides mobile technology solutions for wireless carriers, has seen 1 negative revision in the past few weeks and its current year earnings consensus has also 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.

MNDL currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the Oil Exploration and Production sector include Level 3 Communications, Inc. (LVLT - Free Report) , Nippon Telegraph and Telephone Corporation and Telecom Italia S.p.A. (TI - Free Report) . All these stocks hold a Zacks Rank #2 (Buy).

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