'Sell' signals on First Commonwealth as it dips on profit, revenue miss

First Commonwealth Financial

26/04/2022 18:47

(Updates)
    ** Financial services company  FCF.N  fell as much as 6% to
$13.57, lowest in nearly seven months, before paring losses to
$13.98 on Tuesday
    ** Stock's 25-day moving average crossed below 200-day MA
triggering a 'sell' signal; stock also trading very close to 30
on the relative strength index, suggesting an oversold stock
    ** Co reported adjusted earnings of 29 cents​​ per share for
the first quarter, missing Wall Street estimates of 30 cents a
share  urn:newsml:reuters.com:*:nL5N2WO5MQ
    ** Revenue fell 4.8% to $92.15 mln from a year ago; analysts
expected $94.06 million
    ** 4 of 8 analysts rate the stock "buy" or higher and the
rest "hold"; median PT on Refinitiv $18
    ** FCF down 11.5% so far this year, including session losses

 (Reporting by Mehnaz Yasmin in Bengaluru)
 ((Mehnaz.Yasmin@thomsonreuters.com))