FNSR had a very rough day on Thursday, trading down almost 25% to close the session at $3.36 after the company reported their Q4 earnings. The stock opened weak and continued down throughout the day, opening at $3.85 and eventually closing at $3.36 after touching an intraday low of $3.20. Even though the company reported inline earnings expectations, the company lowering its gross margin predictions for the first half of 2007 may have contributed to the weakness in the stock. The selloff seems severe to me, and I am going to continue to investigate their earnings report and comments to see what would have sparked such a severe selloff.
Sorry, the comment form is closed at this time.