Home / Market Movers / Services Sector Feels 6.85% Slide in Shares of Cartesian Inc. (CRTN) at Midday on September 23

Services Sector Feels 6.85% Slide in Shares of Cartesian Inc. (CRTN) at Midday on September 23

Cartesian Inc. (CRTN) lost ground during morning trading on September 23 to make it one of the worst performers amongst all NYSE and NASDAQ listed stocks in the services sector halfway through the trading day. At the lunch break, shares of CRTN have fallen 6.85% to $0.68 after closing the day prior at $0.73. So far, the stock has traded as high as $0.68 and as low as $0.68. Today’s decline has come with about 101 shares changing hands, compared to an average 30-day volume of 59,339 for Cartesian Inc.. The price is currently below the 30-day volume weighted average price of $0.68 for CRTN.

The share depreciation gives the company a market capitalization of $6.56 million based upon 8.99 million shares outstanding. It also means that CRTN has a price-to-book ratio of 1.12:1.

In the past 52 weeks, shares of CRTN have traded as low as $0.5622 and as high as $2.62. Technical traders will take note that at $0.68, shares of CRTN are trading below their 200-day MA at $1.52 and below their 50-day MA at $0.7. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.

Who is CRTN?

Cartesian Inc, formerly Management Network Group Inc, provides consulting in strategy, execution and managed solutions to the clients in the communications, digital media, and technology industries. The company’s 360 employees are led by CEO Peter H. Woodward from the corporate headquarters at 7300 College Boulevard in Overland Park, KS.

For more information on CRTN and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.

All data provided by QuoteMedia, with stock data accurate as of 12:00 PM ET. FinancialPress.com is not responsible for inaccuracies in third-party supplied information.

About FinancialPress.com

FinancialPress.com is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here. If you like this article, you can read more at FinancialPress.com

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of FinancialPress.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://financialpress.com/legal-disclaimer/.

Check Also

Shares of TSX Venture Miscellaneous Company Wilton Resources Inc. (CDX:WIL:CA) Fall 1.25% on September 26

In sliding 1.25%, Wilton Resources Inc. (CDX:WIL:CA) was one of the worst performing stocks in …