NEW YORK (TheStreet) -- Move (Nasdaq:MOVE) has been downgraded by TheStreet Ratings from buy to hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and weak operating cash flow.
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- Compared to where it was a year ago today, the stock is now trading at a higher level, regardless of the company's weak earnings results.
- The revenue growth significantly trails the industry average of 36.1%. Since the same quarter one year prior, revenues slightly increased by 0.8%. This growth in revenue does not appear to have trickled down to the company's bottom line, displaying stagnant earnings per share.
- The gross profit margin for MOVE INC is currently very high, coming in at 85.30%. It has increased from the same quarter the previous year. Despite the strong results of the gross profit margin, MOVE's net profit margin of 2.90% significantly trails the industry average.
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Internet Software & Services industry. The net income has decreased by 16.9% when compared to the same quarter one year ago, dropping from $1.74 million to $1.44 million.
- Net operating cash flow has decreased to $4.61 million or 33.11% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
-- Written by a member of TheStreet Ratings Staff
TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.
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