Monster Worldwide (MWW) Zooms 14% Higher

Monster Worldwide, Inc. (MWW) is trading at an unusually high volume Tuesday with 4.3M shares changing hands. It is currently at 3x its 3-month average volume. MWW gained over 14% in early trading after the company reported third-quarter results that surpassed Wall Street expectations. The online job search company posted revs of $191.2M in the period compared to estimates of $189.89 million. EPS came in at 5 cents a share for the quarter, beating estimates by 2 cents.

In other Monster news, the company announced that Timothy Yates will take over as the company’s CEO, effective immediately, following the resignation of Salvatore Iannuzzi. The job-search website company said Iannuzzi left the role due to personal reasons.

On valuation measures, shares of Monster Worldwide have a forward P/E of 13.71 and a P/E to growth ratio of 1.22. Price/sales for the t-12 period is 0.41, while EPS is ($0.08). The company has a market cap of $367.73M and a median Wall Street price target of $6.25 with a high target of $7.00.

Profitability-wise, MWW’s T-12 profit and operating margins currently are (0.86%) and 4.38%, respectively. The firm reported $84.39 million in cash vs. $201.60M in debt in its most recent quarter.

In the past 52 weeks, shares of New York-based company have traded between a low of $3.41 and a high of $8.50 with the 50-day MA and 200-day MA located at $4.78 and $5.72 levels, respectively. Additionally, shares of Monster trade at a P/E ratio of 1.22 and have a Relative Strength Index (RSI) and MACD indicator of 43.04 and +0.02, respectively.

Monster Worldwide shares have declined 16 percent since the beginning of the year. In early trading on Tuesday, shares hit $4.18, a fall of 5.64 percent in the last 12 months.

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