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China Mobile Games and Entertainment Group (CMGE) Falls: Stock Goes Down 5.0%
March 28, 2014

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China Mobile Games and Entertainment Group Limited saw a big move last session, as the company’s shares fell over 5.0% 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 CMGE, as the stock is now down nearly 46.0% in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as the company has seen 1 negative revision in the past few weeks and its current year earnings consensus has 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.

CMGE currently has a Zacks Rank #3 (Hold).

Some better-ranked stocks in the technology sector include j2 Global, Inc. (JCOM - Free Report) , Model N, Inc. (MODN - Free Report) and Constant Contact, Inc. . j2 Global and Model N carry a Zacks Rank #1 (Strong Buy), while Constant Contact holds a Zacks Rank #2 (Buy).

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