Matthews International Corp.’s(MATW) MACD indicator has crossed over to bearish territory with a reading of -0.1032. The Zacks #5 Rank (“Strong Sell”) stock has slipped more than 1% to $28.85 in afternoon trade. Analysts have been reducing their estimates on the company’s fiscal 2009 earnings, with the consensus down 4 cents over the past month to $2.23 per share.
“MATW” Free Stock Analysis: Buy? Sell? Hold?
Zacks Investment Research