Marlin Business Services Corp. (MRLN) saw a big move last session, as the company’s shares fell nearly 7% 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 MRLN, as the stock is now down nearly 21% since in the past one-month time frame.
This slump shouldn’t be too much of a surprise to investors, as the company in the Equipment Leasing and Finance Industry 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.
MRLN currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the same space include Apollo Investment Corporation (AINV), Gladstone Investment Corporation (GAIN) and Main Street Capital Corporation (MAIN). All these stocks carry a Zacks Rank #2 (Buy).
(We are re-issuing this blog to correct an incorrect connotation. The original article, published Thursday, February 27, 2014 should no longer be relied upon.)
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