Why Layne Christensen (LAYN) Stock Is Plummeting This Morning

NEW YORK (TheStreet) -- Shares of Layne Christensen Co. (LAYN) are lower by -12.75% to $13 in pre-market trading on Monday after the company reported a decrease in revenue to $191.2 million for the 2015 first quarter, compared to $226.4 million for the same period last year.

The global water management, construction, and drilling company reported a net loss of -$27.7 million, or -$1.41 per share for the 2015 first quarter, versus a net loss of -$23.8 million, or -$1.24 per share for the 2014 first quarter.

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Separately, TheStreet Ratings team rates LAYNE CHRISTENSEN CO as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

"We rate LAYNE CHRISTENSEN CO (LAYN) 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 disappointing return on equity, weak operating cash flow, poor profit margins and generally disappointing historical performance in the stock itself."

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