Medifast Inc (MED) Shares Drop Amid Market Volatility

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Dec 16, 2024

Medifast Inc (MED, Financial) experienced a significant stock price drop of 5.11%, trading at $18.18 per share with a volume of 105,600 shares and a turnover rate of 0.97%. The company's recent financial report shows revenue of $140 million, net profit of $1.13 million, and earnings per share of $0.10, with a gross profit of $106 million and a price-to-earnings ratio of 27.19. All analysts from two rating institutions recommend holding the stock, with no buy or sell recommendations.

In the consumer services sector, where Medifast operates, the overall increase was 0.06%. Notable stocks in the sector include Huiyou Ti, Inspire Veterinary Partners, Inc., and Regis Corporation, which saw significant gains and trading activity.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.