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Weakness Seen in Cardtronics (CATM): Stock Tumbles 9.6%
May 28, 2014

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Cardtronics Inc. (CATM - Free Report) saw a big move last session, as the company’s shares fell by nearly 10% 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 CATM, as the stock is now down around 18% since May 5.

The ATM operator has seen a declining track record when it comes to current year estimate revisions over the past few weeks. However, the consensus for earnings has improved by a penny in a trend. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.

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

Some better-ranked stocks in the Business Services industry include Avis Budget Group, Inc. (CAR - Free Report) , SGS SA (SGSOY - Free Report) and Viad Corp (VVI - Free Report) . Among these stocks, Avis Budget Group and SGS SA carry a Zacks Rank #1 (Strong Buy), while Viad Corp carries a Zacks Rank #2 (Buy).

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