Cardtronics Inc. (CATM) 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), SGS SA (SGSOY) and Viad Corp (VVI). 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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