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Sungy Mobile Slumps: GOMO Plunges 18.9% in Session

Sungy Mobile Limited (GOMO) saw a big move last session, as the company’s shares fell by nearly 6 % 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 trend for GOMO, as the stock is now down nearly 25% since Aug 13.

This Internet Software company has seen a flat track record when it comes to current year estimate revisions, as there has been no revision on either side over the past few weeks. The consensus for earnings estimate 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.

GOMO currently has a Zacks Rank #3 (Hold).

Some better-ranked stocks in the Internet Software industry include F5 Networks, Inc. (FFIV), Support.com, Inc. (SPRT) and TeleCommunication Systems Inc. (TSYS). All three carry a Zacks Rank #1 (Strong Buy).

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SUNGY MOBILE LTD ADS (GOMO): Free Stock Analysis Report

F5 NETWORKS INC (FFIV): Free Stock Analysis Report

SUPPORTCOM INC (SPRT): Free Stock Analysis Report

TELECOMMUNICATIONS SYS CL A (TSYS): Free Stock Analysis Report


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