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Weakness Seen in Medifast (MED): Stock Tumbles 9.8%
August 11, 2014

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Medifast Inc. saw a big move in the last trading 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 trend for MED, as the stock is now down over 15% in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as the company, engaged in the production, distribution, and sale of consumable health and diet products, 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.

MED currently holds a Zacks Rank #4 (Sell).

Investors interested in the Miscellaneous/Diversified Food industry may consider better-ranked stocks like J&J Snack Foods Corp. (JJSF - Free Report) , Pinnacle Foods Inc. (PF - Free Report) and Senomyx Inc. (SNMX - Free Report) , each of which holds a Zacks Rank #2 (Buy).

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