Greenhill (GHL) Crumbles: Stock Falls by 6.7% – Tale of the Tape

February 3, 2015 Technicals 0

Zacks

Greenhill & Co., Inc. (GHL) saw a big move last session, as the company’s shares fell by 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 GHL, as the stock is now down 21% in the past one-month time frame.

On Jan 28, 2015, Greenhill posted its fourth quarter results registering lower full year 2014 profits and revenues with respect to previous year.

The investment brokerage company has seen a flat track record when it comes to current year estimate revisions over the past few weeks and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

GHL currently has a Zacks Rank #5 (Strong Sell).

Another better-ranked stock in the same sector is GAIN Capital Holdings, Inc. (GCAP) holding a Zacks rank #1 (Strong Buy).

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