MRC Global (MRC) Slumps: Stock Goes Down 15.3% – Tale of the Tape

ZacksMRC Global Inc. (MRC) saw a big move on Friday, as the company’s shares fell by over 15% 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 MRC, as the stock is now down by about 17% in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as the company, a leading distributor of pipes, valves and fittings, has seen 2 negative revisions 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.

MRC currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.

Some better-ranked stocks in the same sector include AK Steel Holding Corporation (AKS), Akzo Nobel NV (AKZOY) and Avalon Rare Metals Inc. (AVL). All these stocks hold a Zacks Rank #2 (Buy).

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