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Mar 27th, 2013
Memsic Inc. stock downgraded
Memsic (Nasdaq:MEMS) has been downgraded by TheStreet Ratings from hold to sell.Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself.
MEMS's stock share price has done very poorly compared to where it was a year ago: Despite any rallies, the net result is that it is down by 44.43%, which is also worse that the performance of the S&P 500 Index. Investors have so far failed to pay much attention to the earnings improvements the company has managed to achieve over the last quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
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