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JAVELIN Mortgage Slumps: JMI Falls 5.1% in Session
March 10, 2014

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 JAVELIN Mortgage Investment Corp. saw a big move last session, as the company’s shares fell by over 5% 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 $14.40 to $14.79 in the past one-month time frame.
The financial services providing company has seen a flat record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
JMI currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Investors interested in the finance industry may consider better-ranked stocks like American Financial Group Inc. (AFG - Free Report) , AmTrust Financial Services, Inc. (AFSI - Free Report) and TD Ameritrade Holding Corporation (AMTD - Free Report) . All these stocks carry a Zacks Rank #1 (Strong Buy).
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