Mercer International (MERC) in Focus: Stock Tumbles 7.7%
Mercer International Inc. (MERC) saw a big move last session, as the company’s shares fell by nearly 8% 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 MERC as the stock is now down 19% since March 11, 2014.
The paper products comapny has seen a flat record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), 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.
MERC currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the same sector include Neenah Paper, Inc. (NP), Resolute Forest Products Inc. (RFP) and Stora Enso Oyj (SEOAY). All these stocks hold a Zacks Rank #1 (Strong Buy).
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(MERC.NP): Free Stock Analysis Report
RESOLUTE FOREST PRODUCTS INC (RFP): Free Stock Analysis Report
STORA ENSO OYJ ADS (SEOAY): Free Stock Analysis Report
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