Premier Exhibitions Stock Downgraded To Sell By TheStreet

graph downAnalysts at TheStreet has downgraded its rating from hold to sell. According to the analysis, the reasons for the downgrade are:

  • The company has significantly underperformed in net income in the same quarter a year ago. Net income decreased by 102.3% compared to same quarter a year ago.
  • Operating cash flow has decreased.
  • Stock performance is bad. It tumbled 33.49% and company‚Äôs earnings per share are down.
  • Return on equity has only slightly improved from same quarter last year. While that is good, its return on equity trails that of others in the same industry.
  • Gross profit margin is still high at 51.21% but still shows a decrease from last year at the same period.

The stock(PRXI) closed down today (14 Oct 2013) at $1.36.

Source: Premiere Exbitions Inc Stock Downgraded (13 Oct 2013, TheStreet)