Why RadioShack (RSH) Stock Is Down Today
NEW YORK (TheStreet) -- RadioShack
By mid-afternoon, shares had dropped 11.7% to $1.36.
Over the three months to March, the electronics retailer recorded adjusted net losses of 98 cents a share, 46 cents wider than analysts surveyed by Thomson Reuters anticipated. Sales of $736.7 million missed estimates of $767.45 million.
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TheStreet Ratings team rates RADIOSHACK CORP as a Sell with a ratings score of D-. TheStreet Ratings Team has this to say about their recommendation:
"We rate RADIOSHACK CORP (RSH) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, poor profit margins and weak operating cash flow."
- You can view the full analysis from the report here: RSH Ratings Report