Major Losers: Matrix Service Co(NASDAQ:MTRX), Mitcham Industries, Inc.(NASDAQ:MIND), and mCig Inc(OTCMKTS:MCIG)
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Matrix Service Co(NASDAQ:MTRX) saw its value decline by 21.52% yesterday as the stock fell $6.27 to move to a new closing price of $22.86. The stock has traded within a range of $15.57 to $38.71 over the past 52 weeks. Matrix Service Co(NASDAQ:MTRX) reported its fiscal 2014 results on Sept. 3rd. The figures included a 46.2% increase in revenue from the previous year. However, income per fully diluted share remained at $0.28.
Mitcham Industries, Inc.(NASDAQ:MIND) lost $1.69 during yesterday’s trading, a 13.01% decrease in value that left the stock at a closing price of $11.30. The mark represents a new three month closing price low for the Texas-based company, which had previously reached a closing price mark of $15.76 on Jun. 9Th 2014. Mitcham Industries, Inc.(NASDAQ:MIND) reported its fiscal 2015 second quarter results on Sep. 3rd. The figures included a $1.4 million decrease in revenue from the second period during the previous fiscal year and a net loss per share of $0.26.
mCig Inc(OTCMKTS:MCIG) suffered a 14.33% decrease in value as the stock fell $0.043 to move to a new closing price of $0.257. The stock has traded within a range of $0.07 to $0.92 over the past 52 weeks. The Washington-based vaporizer producer had a trading volume of 5,084,554 yesterday, a figure which is more than five times larger than its three month average of 938,000. mCig Inc(OTCMKTS:MCIG) currently has a market capitalization of $69.42 million.
I have a confession to make – I am not always right. Sometimes, unfortunately, I will send alerts that experience losses.
I have alerted companies that rallied 100% or even 6,000% (not even joking) in under a week. Likewise, I have alerted companies that tanked 10, 20, sometimes even as much as 30 or 40%. However overall it is about the net result that delivers profits into your portfolio.
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